Diodes Incorporated Closes Acquisition of BCD Semiconductor Manufacturing Limited

  Diodes Incorporated Closes Acquisition of BCD Semiconductor Manufacturing
  Limited

Business Wire

PLANO, Texas -- March 5, 2013

Diodes Incorporated (Nasdaq: DIOD), a leading global manufacturer and supplier
of high-quality application specific standard products within the broad
discrete, logic and analog semiconductor markets, today announced that it has
completed its acquisition of BCD Semiconductor Manufacturing Limited ("BCD")
in an all cash deal, valued at approximately $151 million. Under the terms
previously announced, each ordinary share, par value $0.001 per share, of BCD
(the “Shares”), including Shares represented by American Depository Shares
(“ADSs”), has been converted into the right to receive cash. Each ADS
represents six Shares and has been converted into the right to receive $8.00
in cash, without interest.

Dr. Keh-Shew Lu, Diodes’ President and CEO, commented, “As we have worked with
the BCD team over the past several weeks, we have come to appreciate more
fully the integrity, dedication and work ethic of their management team and
the depth and value inherent in the BCD product portfolio. We have recognized
that our companies’ cultures are very compatible, and have been able to create
a rapid integration plan that will allow us to accelerate the profitable
business opportunity of the combined organization.”

Added Mr. Chieh Chang, BCD’s CEO, “We have been very pleased with the
aggressive approach Diodes has taken to allow us to close this transaction so
expediently. I am optimistic about the opportunity that merging with Diodes
offers to our customers, partners, and employees. The BCD management team and
I look forward to being part of this dynamic and growing company.”

About Diodes Incorporated

Diodes Incorporated (Nasdaq: DIOD), a Standard and Poor's SmallCap 600 and
Russell 3000 Index company, is a leading global manufacturer and supplier of
high-quality application specific standard products within the broad discrete,
logic and analog semiconductor markets. Diodes serves the consumer
electronics, computing, communications, industrial, and automotive markets.
Diodes' products include diodes, rectifiers, transistors, MOSFETs, protection
devices, functional specific arrays, single gate logic, amplifiers and
comparators, Hall-effect and temperature sensors; power management devices,
including LED drivers, DC-DC switching and linear voltage regulators, and
voltage references along with special function devices, such as USB power
switches, load switches, voltage supervisors, and motor controllers. Diodes’
corporate headquarters, logistics center, and Americas' sales office are
located in Plano, Texas. Design, marketing, and engineering centers are
located in Plano; San Jose, California; Taipei, Taiwan; Manchester, England;
and Neuhaus, Germany. Diodes’ wafer fabrication facilities are located in
Kansas City, Missouri and Manchester, with two manufacturing facilities
located in Shanghai, China, and two joint venture facilities located in
Chengdu, China, as well as manufacturing facilities located in Neuhaus and
Taipei. Additional engineering, sales, warehouse, and logistics offices are
located in Fort Worth, Texas; Taipei; Hong Kong; Manchester; Shanghai;
Shenzhen, China; Seongnam-si, South Korea; Tokyo, Japan; and Munich, Germany,
with support offices throughout the world. For further information, including
SEC filings, visit Diodes’ website at http://www.diodes.com.

Forward-Looking Statements

Safe Harbor Statement Under the Private Securities Litigation Reform Act of
1995: Any statements set forth above that are not historical facts are
forward-looking statements that involve risks and uncertainties that could
cause actual results to differ materially from those in the forward-looking
statements. Such statements include statements as to the expected benefits of
the acquisition. Potential risks and uncertainties include, but are not
limited to, such factors as: the risk that BCD’s business will not be
integrated successfully into Diodes’; the risk that the expected benefits of
the acquisition may not be realized; the risk that BCD’s standards, procedures
and controls will not be brought into conformance within Diodes’ operation;
difficulties coordinating Diodes’ and BCD’s new product and process
development, hiring additional management and other critical personnel, and
increasing the scope, geographic diversity and complexity of Diodes’
operations; difficulties in consolidating facilities and transferring
processes and know-how; the diversion of our management’s attention from the
management of our business; we may not be able to maintain our current growth
strategy or continue to maintain our current performance, costs and loadings
in our manufacturing facilities; risks of domestic and foreign operations,
including excessive operation costs, labor shortages, higher tax rates and our
joint venture prospects; unfavorable currency exchange rates; our future
guidance may be incorrect; the global economic weakness may be more severe or
last longer than we currently anticipated; and other information detailed from
time to time in Diodes’ filings with the United States Securities and Exchange
Commission.

Recent news releases, annual reports and SEC filings are available at Diodes’
website: http://www.diodes.com. Written requests may be sent directly to
Diodes, or they may be e-mailed to: diodes-fin@diodes.com.

Contact:

Company Contact:
Diodes Incorporated
Laura Mehrl
Director, Investor Relations
P: 972-987-3959
E: laura_mehrl@diodes.com
or
Investor Relations Contact:
Shelton Group
Leanne K. Sievers
EVP, Investor Relations
P: 949-224-3874
E: lsievers@sheltongroup.com
 
Press spacebar to pause and continue. Press esc to stop.