Advanced Semiconductor Engineering Inc. obtains permission from China to merge with Siliconware Precision Industries Co.
Taiwan News
Date: 2017/11/28
By: Central News Agency
Taipei, Nov. 27 — Shares of Advanced Semiconductor Engineering Inc. (ASE), the world’s
ASE Group (By Central News Agency)
largest integrated circuit packaging and testing services provider, climbed sharply in mid-morning trade Monday after the company obtained conditional approval from China for a merger with Siliconware Precision Industries Co. (SPIL), dealers said.
ASE also announced over the weekend that it was planning to raise wages at its flagship production base in Kaohsiung by 3-5 percent and hire about 1,000 new workers as part of its expansion plans.
As of 10:53 a.m. Monday, shares of ASE had risen 8.83 percent to NT$41.90 (US$1.40) with 116.56 million shares changing hands. The buying also extended to Siliconware, whose shares were 3.41 percent higher at NT$50.10. [FULL STORY]