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Taiwan's ASE offers to buy Siliconware Precision to deflect China rival bid

2015-12-14 14:47:46| Electronics - Topix.net

Dec 14 Taiwan's Advanced Semiconductor Engineering Inc said on Monday it will increase its stake in rival Siliconware Precision Industries Co Ltd to make it a wholly owned unit in a bid to deflect a Chinese rival's plan to buy into the company. ASE's plan, approved by its board, comes after Siliconware Precision, also known as SPIL, said on Friday that China's state-backed technology conglomerate Tsinghua Unigroup will take a quarter stake in the company at T$55 a share.

Tags: buy china offers bid

Category:Electronics and Electrical

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