WPG to Acquire 30% Stake in WT Micro
Consolidation in the electronics supply chain continued this week as global broadline distributor WPG Holdings Co. announced plans to acquire a 30 percent stake in rival WT Microelectronics Co. Ltd. for US$266.58 million. WT Micro conducts most of its business in Southeast Asia. The announcement came within a day of two key electronics suppliers –…