By: Chung Jung-feng and Y.F. Low
Taipei, Dec. 14 (CNA) Advanced Semiconductor Engineering Inc. (ASE, 日月光), Taiwan’s largest IC packing and testing company, has made an offer to take over rival Siliconware Precision Industries Co. (SPIL, 矽品) in the latest salvo in Taiwan’s IC acquisition battles.
ASE, which already owns a 25 percent stake in SPIL, said Monday it has submitted a proposal to SPIL’s board to buy the remaining 75 percent stake in SPIL at a price of NT$55 per share. That would make the deal worth an estimated NT$131.3 billion (US$4 billion).
ASE made the offer three days after SPIL, Taiwan’s second-largest IC packager and tester, signed an agreement with China’s Tsinghua Unigroup (紫光) to sell a 24.9 percent stake to the Chinese firm. [FULL STORY]