Jabil Circuit, a U.S. electronics maker, plans to buy a Taiwanese maker of mobile phone parts for as much as US$900 million, as electronics manufacturing companies continue to expand.Jabil agreed to pay New Taiwanese $109 (US$3.31) cash per share to acquire 100 percent of Taiwan Green Point Enterprises, which owns nine manufacturing plants in Asia, including seven in China and one each in Taiwan and Malaysia, the company said in a statement. The deal will enhance Jabil’s ability to design and manufacture mobile consumer electronics products, it said.Taiwan Green Point said the combination will increase the business scope of the companies, drive down costs and increase market share, in a statement to the Taiwan Stock Exchange. The world’s largest electronic manufacturing services (EMS) companies have been buying other companies to increase their size and scope of offerings in recent years, which helps lower production costs and results in cheaper gadgets for users. Hon Hai Precision Industry, the world’s largest EMS company, is already a leading mobile digital device maker, assembling handsets for giants such as Nokia as well as iPods and, reportedly, iPhones, for Apple Computer. The company recently closed a US$930 million deal to buy a Taiwanese digital camera maker.Jabil plans to launch a tender offer for Taiwan Green Point shares on Thursday and will close the deal only if it gains a majority of the company’s outstanding shares. In addition, the deal is subject to regulatory approval in Taiwan and China, as well as a vote by Taiwan Green Point shareholders. The offer to buy shares will run for 50 days. The 30,000 workers, including management, at Taiwan Green Point will remain on board following the deal, Jabil said. The Taiwanese company will also retain its name and operate as an independent business under Jabil.-Dan Nystedt, IDG News Service (Taipei Bureau)Check out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content feature 10 most popular IT certifications for 2023 Certifications are a great way to show employers you have the right IT skills and specializations for the job. These 10 certs are the ones IT pros are most likely to pursue, according to data from Dice. By Sarah K. White May 26, 2023 8 mins Certifications Careers interview Stepping up to the challenge of a global conglomerate CIO role Dr. Amrut Urkude became CIO of Reliance Polyester after his company was acquired by Reliance Industries. He discusses challenges IT leaders face while transitioning from a small company to a large multinational enterprise, and how to overcome them. By Yashvendra Singh May 26, 2023 7 mins Digital Transformation Careers brandpost With the new financial year looming, now is a good time to review your Microsoft 365 licenses By Veronica Lew May 25, 2023 5 mins Lenovo news Alteryx works in generative AI for speedy analytics results OpenAI integration and AI wizardry for report generation are aimed at making Alteryx’s analytics products more accessible. By Jon Gold May 25, 2023 3 mins Analytics Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe