By: Jalen Chung and Frances Huang
Taipei, Nov. 30 (CNA) ChipMos Technologies Inc. (南茂), the fourth- largest integrated circuit packaging
and testing firm in Taiwan, has said that it has terminated a deal in which China-based Tsinghua Unigroup (清華紫光) will buy a stake in the Taiwanese firm through a private placement.
But the bilateral ties will not stop here. Both sides announced on the same day that they have agreed that Tsinghua Unigroup will buy a 54.98 percent stake in ChipMos Technologies (Shanghai) Ltd. (上海宏茂), which is currently 100 percent owned by ChipMos.
The termination of the private placement deal, where Tsinghua Unigroup, a Beijing-backed high-tech conglomerate, aimed to take a 25 percent stake in ChipMos, came after Taiwan’s authorities have adopted a prudent stance to scrutinize Chinese investments in the local IC sector.
In late 2015, Tsinghua Unigroup and ChipMos inked an agreement on the private placement and submitted the deal to Taiwan’s Investment Commission for approval. [FULL STORY]