Champion Microelectronic Launches IPOs on TWSE

Taipei, March 22, 2011 (CENS)--On March 21, Champion Microelectronic Corporation made initial public offerings (IPOs) on the Taiwan Stock Exchange (TWSE) at the launch price of NT$45 per share and with a stock code of 3257.

Champion is the third domestic firm launching IPOs on the local bourse since the beginning of this year. In the first trading day, the company's share closed at NT$48.85, up NT$3.85 or an increase of 8.55%. There will be no price limits for the company's stock trading in the first five trading days after the initial offering.

Champion, established in Dec. 1998, currently focuses on designing and manufacturing high-quality power semiconductor devices for applications to a broad spectrum of information-technology and industrial platforms.

Founded and headed by pioneers of the semiconductor sector of Taiwan and North America, the company is located in Taiwan's Hsinchu Science Park, where it maintains a production testing facility and a logistic control center.

Champion's advanced design center is located in the high-tech area of San Jose in the California State of the U.S., more generally known as Silicon Valley. The company aims to provide clients with cost-effective, innovative solutions for power analog applications.

At present, the company's major product lines are power factor correction diode, PFC/PWM controller, bus and interface, LDO regulator, battery management integrated circuit, voltage reference and Ops, and MOSFET.

The company said its analog-type power semiconductor devices have become a dispensable product amid the rising awareness of environmental production and energy saving.

The company scored NT$3.03 in per-share earnings on sales of NT$548 million in 2010. In the years to come, the company will continue its R&D work to further develop high-efficiency power driving ICs used in chargers for consumer electronic devices.