Formation of a global world-class electronic components distributor
Dual-headquartered in Taipei and Montreal
TAIPEI, Taiwan and MONTREAL, Canada, April 2, 2024 – WT Microelectronics Co., Ltd. (TAIEX:
3036) (“WT Microelectronics”) today announced that it has successfully completed its acquisition of
Future Electronics Inc. (“Future Electronics”) for an enterprise value of US$3.8 billion.
WT Microelectronics and Future Electronics are now joining forces in creating a global electronic
components distribution powerhouse, dual-headquartered in Taipei and Montreal that will deliver
long-term, sustainable value to all stakeholders. This acquisition represents a transformational
milestone, as it brings together two highly complementary business models and solidifies WT
Microelectronics’ position as a global electronics distributor with end-to-end service capabilities by
leveraging the strengths and expertise of both organizations to offer even greater value to customers
and suppliers.
“We are excited to welcome the Future Electronics team, who share our passion for delivering
world-class services to help our partners succeed,” said Eric Cheng, Chairman and CEO of WT
Microelectronics. “Future Electronics has an extensive supplier and customer base as well as a
highly competent team of management and employees. We look forward to working with our new
immensely talented colleagues around the world to embark on WT Microelectronics’ new chapter.”
“Our two companies share a common culture, driven by a rich entrepreneurial spirit that empowers
our talented employees globally,” said Omar Baig, President and CEO of Future Electronics. “As part
of WT Microelectronics, we will continue our commitment to offer the highest level of services to our
suppliers and customers, which we have been doing for the past 56 years.”
WT Microelectronics and Future Electronics look forward to this new era and to continuing to serve
their business partners, together, across the globe.
About WT Microelectronics
WT Microelectronics is a global top three electronic components distributor with end-to-end
capabilities and a diversified geographic presence across Asia Pacific, the Americas and EMEA.
Founded in 1993 initially as a Taiwan-based semiconductor components distributor, WT
Microelectronics’ position is further strengthened by the acquisition of Future Electronics to become
a truly global player. Together with Future Electronics, WT Microelectronics is partnering with over
400 suppliers across major technology segments to serve a highly diversified customer base of over
25,000 customers worldwide. Additional information about WT Microelectronics can be found at
https://www.wtmec.com/.
