By: Jalen Chung and Frances Huang
Taipei, Jan. 6 (CNA) Siliconware Precision Industries Co. (矽品), the second largest integrated circuit packaging and testing services provider in Taiwan, is scheduled to hold a board meeting and a review meeting Thursday to decide on the second tender offer made by Advanced Semiconductor Engineering Inc. (ASE, 日月光).
Immediately after the two meetings, Siliconware is expected to publicize its decision on the tender offer by ASE, which is aiming to buy an additional 24.71 percent stake in Siliconware to boost its holdings to 49.71 percent.
Siliconware said on Dec. 30, 2015 that it had received the documents related to the offer and would respond to ASE by Jan. 9.
ASE completed its first tender offer in early October 2015 and acquired a 25 percent stake in Siliconware, becoming the biggest shareholder.
ASE ranks as the world’s largest IC packaging and testing firm, ahead of U.S.-based Amkor Technology Inc. and Siliconware. [FULL STORY]