April 29th of 2016, marks the date when TFME (TongFu Microelectronics 通富微电) closed the transaction of acquiring 85% share of AMD Suzhou and AMD Penang. TFME is acting as controlling partner for the two new joint ventures: TF AMD.
TFME being a pioneer in China’s OSAT industry, has made significant progress by adhering to the company culture of “People first, contributing back to the nation, inheritance of civilization and commitment to perfection”. With headquarter at Chong Chuan factory, located in Nantong, Jiangsu, China, TFME has further set up three subsidiaries respectively at the Sutong Industry Park, Nantong, in Hefei and in Xiamen. With the addition of two JVs, this makes the Tongfu group a big family.