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ASE, SPIL to form holding company

ASE, SPIL to form holding company
Advanced Semiconductor Engineering Inc. (ASE) and Siliconware Precision Industries Co. (SPIL), Taiwan's two biggest integrated circuit packaging and testing services providers, said Thursday that they have reached an agreement to set up a holding company.

In a news conference, ASE and SPIL said that the holding company is planning to list its shares on the U.S. market in the future.

The two companies said that the holding company will own 100 percent stakes in both ASE and SPIL, but the two companies will remain independent from each other, although their continued operations will take place under the corporate umbrella of the holding company.

Updated : 2020-11-30 04:03 GMT+08:00