By: Matthew Strong, Taiwan News, Staff Writer
TAIPEI (Taiwan News) – An estimated 3,000 staff of Siliconware Precision Industries Ltd.
marched on Taipei City’s Ketagalan Boulevard Saturday morning to demand the government intervene against the company’s hostile takeover by its competitor Advanced Semiconductor Engineering, Inc.
The battle for control over SPIL has been raging for months, with ASE, the world’s largest chips packager and tester, succeeding in gaining control of 25 percent of the shares. Tycoon Terry Gou’s Hon Hai Precision Industry Co., Ltd. at one point tried to help SPIL stay out of ASE’s hands, but the tactic did not work.
The protesters, who said they represented SPIL’s 24,000 employees, called on the government to stop ASE’s hostile intentions and to reject the view that “if you have money, you can step on people.” They accused ASE of trying to rob and destroy a perfectly legally listed company. [FULL STORY]