Taiwan’s Advanced Semiconductor Engineering has entered into a definitive agreement with EEMS Asia, a subsidiary of EEMS Italia, pursuant to which ASE has agreed to acquire 100% interest in EEMS Test Singapore for an enterprise value of $67.7m.
EEMS said that this sale to ASE is aligned with its business strategy which is aimed at strengthening the medium to long term financial position of the Group, consolidating the position of its subsidiary Solsonica in the solar sector with a view to maximising the opportunities in the local and international market.
The ASE Group provides independent semiconductor manufacturing services in assembly and test. It develops and offers a portfolio of technology and offerings including IC test program design, front-end engineering test through Universal Scientific Industrial, a member of the ASE Group. The Group generated sales revenues of $2.6bn in 2009 and employs over 29,500 people worldwide.
