30 May '16, 5am
Merger brings more competitiveness to ASE, SPIL #DIGITIMES
Digitimes Research: Merger brings more competitiveness to ASE, SPIL Nobunaga Chai, DIGITIMES Research, Taipei [Monday 30 May 2016] Advanced Semiconductor Engineering (ASE) and Siliconware Precision Industries (SPIL) have agreed to merge through the formation of a parent holding company, which would allow both firms to keep their legal entities and retain their existing operation models, and prevent orders from being shifted to other OSAT companies, according to Digitimes Research. ASE and SPIL's plan is to have the holding company own ASE through a share swap and acquire SPIL in an all-cash deal. Upon completion, both ASE and SPIL will be delisted while the new holding company will trade its shares in Taiwan and ADS on New York Stock Exchange. The proposed merger of ASE and SPIL will create the world's largest IC backend house with a nearly 30% market share, widening the m...