Taiwan government unlikely to approve all Tsinghua Unigroup deals

Focus Taiwan
Date: 2015/12/11
By: Huang Chiao-wen and Christie Chen

Taipei, Dec. 11 (CNA) The Taiwanese government is unlikely to approve all three of Chinese chip firm Tsinghua Unigroup’s (紫光) plans to acquire 25 percent of shares in each of Taiwan’s second, third and fourth-largest IC packaging and testing companies, an official said Friday.

Tsinghua Unigroup, which is backed by China’s government, announced on Oct. 30 that it has reached an agreement with Taiwan’s Powertech Technology Inc. (力成, PTI) to spend NT$19.4 billion (US$588.89 million) to acquire a 25 percent stake in the company, Taiwan’s third-largest IC packaging and testing company.

Siliconware Precision Industries Co. (矽品, SPIL) and ChipMos Technologies (南茂) — Taiwan’s second and fourth-largest IC packaging and testing companies — also announced Friday that they will both enter into a strategic alliance with the Chinese firm and give it a 25 percent stake in the companies for NT$56.8 billion and NT$12 billion, respectively.     [FULL  STORY]

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