Oracle Union
Date: 15 December 2015
By:| Clarence Schmidt
Advanced Semiconductor Engineering Inc. made an unsolicited offer to buy out rival chip
China’s state-owned Tsinghua Group is determined to become the world’s third largest chipmaker
packager Siliconware Precision Industries Co., a $3.9 billion bid that trumps a deal last week by China’s Tsinghua Unigroup to take a minority stake.
ASE now holds a 25% stake in SPIL.
Tsinghua Unigroup wants to buy a 24.9 percent stake in SPIL for CNY 11.1 billion (approximately Dollars 1.7 billion), and a 25 percent stake in ChipMOS for CNY 2.4 billion.
“We hoped that our investment in SPIL would have promoted the cooperation between both companies and set an excellent example in Taiwan for productive cooperation between two exemplary companies in the face of intense competition”, says ASE. [FULL STORY]
