Foreign brokerages upbeat on ASE shares

Taipei Times
Date: May 30, 2016
By: Staff writer with CNA

Several brokerages have a “buy” rating on Advanced Semiconductor Engineering Inc (ASE, 日月光半導體) shares after the world’s largest IC packaging and testing firm reached a deal to form a holding company with a smaller rival.

The brokerages are upbeat about ASE’s bottom line, as the deal is necessary for the local IC industry to consolidate in a bid to boost Taiwan’s competitive edge in a global market where competition has been on the rise.

On Thursday, ASE announced that it has reached an agreement to set up a holding company with Siliconware Precision Industries Co (SPIL, 矽品精密), the world’s third-largest IC packaging and testing firm.

Under the terms of the deal, each ASE common share will be swapped for 0.5 of a share in the new holding company, while each SPIL share is to be exchanged for NT$     [FULL  STORY]

Leave a Reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.