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Advanced Semiconductor Engineering, Inc. (ASX)

  • Fri, Aug. 28, 10:25 AM
    • Hon Hai Precision Industry (OTC:HNHAF) agrees to buy a 21% stake in Siliconware Precision Industries (SPIL -5.2%), after fellow Taiwan-based Apple supplier Advanced Semiconductor Engineering (ASX -1.6%) said last week it wanted to buy into the company.
    • The share-swap announcement comes hours after SPIL rejected ASE's hostile tender offer as too low.
    • "Foxconn has become SPIL’s white knight, and makes a more logical partner because they can add growth and even lure Apple to use SPIL instead of ASE," says Vincent Chen, head of research at Yuanta Financial in Taipei.
    | Fri, Aug. 28, 10:25 AM | 1 Comment
  • Fri, Aug. 21, 9:23 AM
    • With Advanced Semiconductor Engineering (NYSE:ASX) buying up to 25% of Siliconware Precision Industries (NASDAQ:SPIL) at a healthy premium, Seeking Alpha contributor Dane Capital Management says ChipMOS (NASDAQ:IMOS) should be very much on watch.
    • Even at a sizable premium, a purchase by almost any larger competitor would be tremendously accretive, says Dane, and IMOS' huge net cash position and tremendous cash flow makes funding a deal an easy task.
    • Previously from Dane Capital: ChipMOS: Oligopoly At 4x EBITDA, 8x EPS With Pending Buyback - A Holiday Gift
    • SPIL +23.55% premarket to $6.40.
    | Fri, Aug. 21, 9:23 AM | 1 Comment
  • Fri, Aug. 21, 8:15 AM
    • Advanced Semiconductor Engineering (NYSE:ASX) announces it will buy up to 25% of Siliconware Precision Industries (NASDAQ:SPIL) for an amount likely exceeding T$30B ($919M).
    • "In the face of intensifying global competition and the rise of new contenders, the drive for consolidation of the semiconductor industry is becoming increasingly apparent," the company said in a statement.
    • ASE said it would offer T$45 per common share of SPIL and T$225 ($6.89) per ADS payable in the equivalent amount of U.S. dollars.
    | Fri, Aug. 21, 8:15 AM | 2 Comments
  • Oct. 29, 2013, 9:25 AM
    • Advanced Semiconductor Engineering (ASX) is likely to acquire Panasonic's (PCRFY) IC packaging/testing sites overseas, DigiTimes writes citing a local report. The Nikkei reported last week that Panasonic intended to sell of chipmaking plants and halve its workforce.
    • Although the report identified ASX as the most likely buyer, a different Nikkei article reported that Panasonic had been in talks with Israeli TowerJazz.
    | Oct. 29, 2013, 9:25 AM | Comment!
Company Description
Advanced Semiconductor Engineering Inc provides semiconductor packaging and testing services. Its services include semiconductor packaging, production of interconnect materials, engineering testing & wafer probing.