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One Company, One Team: Year-End Events Highlight Global Team Spirit

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Advantek year-end events.

With an extensive global presence and strategically positioned regional hubs, Advantek’s year-end celebrations embodied our ‘glocal’ ethos. Nearly a year since the end of the global pandemic, the gatherings were a long-awaited opportunity to reconnect in person.

In Shanghai, the Lunar New Year Celebration doubled as the year-end event where longstanding employees were honored with service awards. Meanwhile, the Philippines hosted a Filipiniana-themed event with high attendance and recognition for top performers.

Advantek Taiwan also organized several gatherings where special awards were presented to recognize quality improvement projects undertaken by the team. Lastly, Advantek Malaysia maintained its tradition with an annual dinner in Penang, attended by employees from Malaysia and Singapore. The event featured a service award ceremony recognizing long-term dedication and special awards were given to standout employees.

Advantek continuously invests in initiatives enhancing employee well-being, professional development, and job satisfaction. We believe that recognizing talent and supporting individual growth creates collective success.

With over 45 years of experience and a comprehensive range of services, Advantek remains a leader in semiconductor transportation packaging media. Trusted by clients worldwide, we’ve protected over two trillion components. Explore our products and see how we are Carrying Tomorrow™ at www.advantek.com.

Developing Future Leaders

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Advantek, a leader in precision component delivery systems, continues to invest in the future through its Leadership Development Program. The most recent sessions took place in Malaysia and the Philippines during the first quarter of 2024.

The program highlighted core leadership principles, encouraged a Growth Mindset, and engrained a valuable feedback model for clear and constructive criticism. Participants praised the program for fostering camaraderie and aligning with Advantek’s core values. Here are what some had to say:

“The leadership training offered by Advantek is an excellent approach for leaders to enhance their talents, motivate their teams, and deliver results. Successful leaders can transform organizations.” — Yogendren Palanivelu, Malaysia

“My key takeaway is the importance of communication and how to employ different styles of leadership in various situations.” — Arvin Consignado, Philippines

The Leadership Development Program is ever-evolving. By providing tailored training and resources, it underscores Advantek’s dedication to the success of every employee.

Explore our products and see how we are Carrying Tomorrow™ at www.advantek.com.

SMTconnect – come see us in Nürnberg, Germany June 11 -13

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Come see us in hall 4, booth 335

“Driving Manufacturing forward”

SMTconnect stands out as a unique exhibition on the topic of electronics manufacturing in Europe: The event connects people and technologies from the fields of development, manufacturing, service and application of microelectronic assemblies and systems in an inspiring working atmosphere.

Learn more here

Advantek Acquires LKTT Plastic Technology in Malaysia

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Transaction Expands Advantek’s Manufacturing Footprint to Support ASEAN Region

EDEN PRAIRIE, Minn. and PENANG, Malaysia, JANUARY 16, 2023 – Advantek, LLC (“Advantek”), a leading provider of highly engineered carrier tape and precision component packaging, today announced the acquisition of LKTT Plastic Technology Sdn. Bhd. (“LKTT”), a provider of complementary precision packaging based in Malaysia. Financial terms of the transaction were not disclosed.

Advantek is headquartered in Eden Prairie, Minnesota, and has manufacturing facilities around the world. For more than 40 years, Advantek’s highly engineered specialty packaging tape has enabled the world’s foremost providers of high-value semiconductor and other electronic components to safely transport and present products for assembly, including computers, mobile phones, LED lighting, medical components, smart appliances, automobiles, and other consumer products.

Advantek is committed to providing customers with a comprehensive suite of precision packaging materials across a global manufacturing footprint that provides clients with optimal efficiency and flexibility. During 2022, Advantek partnered with Cornell Capital, a U.S.-based private investment firm, to accelerate these initiatives.

LKTT has more than a decade of experience in carrier tape manufacturing with a focus on complex designs for connectors, shields, and other highly sensitive form factors. LKTT has strong customer relationships across the ASEAN region and will expand Advantek’s capabilities to support customers in Malaysia, Thailand, and Vietnam.

“Customer service, including local manufacturing capabilities, is a key component of Advantek’s long-term value-add proposition. Establishing a manufacturing footprint in Malaysia is an important step as we continue executing our strategic plans,” said Wim Goossens, Chief Executive Officer and President of Advantek. “I’m certain that by acquiring LKTT, we’ve expanded our team to include a group who shares our values of innovation and continuous improvement, while always prioritizing customers.”

“The acquisition of LKTT is an important milestone as Advantek looks to continue to expand its market-leading position by offering the highest quality product suite across the most comprehensive global footprint in the industry,” said Allen Chu, Partner at Cornell Capital.

 

About Advantek

Advantek is a leading provider of precision component delivery systems with facilities in North America, Asia and Europe. Advantek’s solutions play an important role in the assembly process of products such as computers, mobile phones, LED lighting, medical components, smart appliances and automobiles. For more information, visit www.advantek.com.

About LKTT

LKTT Plastic Technology is a manufacturer of embossed carrier tape used for transporting components in the capacitor, LED, metal shield, and semiconductors industries. LKTT serves as a one-stop-shop provider of carrier tape requirements like plastic reel, cover tape, and tape and reel operations. Based in Penang, Malaysia, LKTT was formed in 2010, following a spin out from LKT Plastic Technology. LKTT’s mission is to be the preferred carrier tape supplier in southeast Asia.

About Cornell Capital

Cornell Capital LLC is a U.S.-based private equity firm with ~$6 billion of AUM and offices in New York and Hong Kong. Leveraging decades of global investment experience, the firm focuses on North American middle market buyouts across the consumer, financial services, and industrials/business services sectors, often in companies that can benefit from global expansion through the firm’s Asia presence and cross-border expertise. Founded in 2013 by Senior Partner Henry Cornell, the former Vice Chairman of Goldman Sachs’ Merchant Banking Division, the firm is led by a highly seasoned team with significant shared investment experience. Since inception, Cornell has built a team dna partnership that are among the most diverse in the private equity industry. For more information, visit www.cornellcapllc.com.

 

Contacts:

Advantek
Jason Skrtic
Vice President Global Marketing and Product Management
+1 715-833-1677
jason.skrtic@advantek.com

Cornell Capital
Jon Keehner / Kate Thompson / Woomi Yun
Joele Frank, Wilkinson Brimmer Katcher
+1 212-355-4449

___________________________________________

For more information, visit www.advantek.com

Global Semiconductor Sales Decrease 0.3% Month-to-Month in October

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“Global semiconductor sales ticked down again in October, with sales decreasing on a year-to-year basis by the largest percentage since December 2019,” said John Neuffer, SIA president and CEO. “Sales into the Americas market stood out as a bright spot in October, increasing by double-digits compared to the same month last year.”

Regionally, year-to-year sales increased in the Americas (11.4%), Europe (9.3%), and Japan (3.9%), but decreased in Asia Pacific/All Other (-10.1%) and China (-16.2%). Month-to-month sales increased in the Americas (2.2%) and Europe (0.2%), but fell in Japan (-0.1%), China (-1.5%), and Asia Pacific/All Other (-1.6%).

 

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SMTconnect – 2022 (Voucher Redemption)

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Advantek will exhibit at SMTconnect in Nürnberg, Germany on May 10-12, 2022.

If you’ve received a show voucher from Advantek, register here:

Redeem Voucher

Visit us at booth 345 in Hall 4 to learn more about our advanced line of carrier tape, cover tape, reels, and more.

“SMTconnect is the only trade fair for electronic production in Europe that brings people and technologies from the areas of development, production, services, and the applications of microelectronic assemblies and systems together in an inspiring work atmosphere.” To read more about SMTconnect, visit here.

 

Visit us at SMTconnect 2022

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SMTconnect Logo

Advantek will exhibit at SMTconnect in Nürnberg, Germany on May 10-12, 2022.

“SMTconnect is the only trade fair for electronic production in Europe that brings people and technologies from the areas of development, production, services, and the applications of microelectronic assemblies and systems together in an inspiring work atmosphere.”

Visit us at booth 345 in Hall 4 to learn more about our advanced line of carrier tape, cover tape, reels, and more.

To read more about SMTconnect, visit here.

Industry News: Chip giants are ramping up spending by the billions

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As demand continues to grow, semiconductor companies are working hard to find a solution for the global chip shortage. According to CNBC, “The world’s largest contract chipmaker, TSMC, has committed to investing $100 billion over three years to ramp up production of its cutting-edge silicon wafers, which are used to make a variety of chips.” Who else is investing billions? Read about it here.

Join us at SEMICON Taiwan 2021: Forward as One

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Join Advantek and other semiconductor leaders from December 28-30 at SEMICON Taiwan 2021 at the Taipei Nangang Exhibition Center.

“Featuring more than 550 exhibitors in over 2,000 booths and chip industry leaders, SEMICON Taiwan 2021 – themed Forward as One – will showcase cutting-edge advances and solutions in critical semiconductor industry areas including heterogeneous integration, green manufacturing, smart and advanced manufacturing, advanced testing, strategic materials, and MEMS and sensors.”

Be sure to stop by our booth #M0552 on the 4th floor, we would love to see you!

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