ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business

China approves merger of Taiwan chip assemblers

ASE-SPIL deal to go ahead after yearlong wait

ASE Chairman Jason Chang, left, and SPIL Chairman Bough Lin inked the deal in May 2016.

TAIPEI-- China's anti-trust watchdog on Friday approved the merger of Advanced Semiconductor Engineering, the world's top chip assembler and tester, with smaller Taiwanese rival Siliconware Precision Industry Ltd., ending a yearlong wait for regulatory approval.

SPIL, meanwhile, announced late Friday evening to sell a 30% stake in its facility in Chinese city of Suzhou to Beijing-backed chipmaker Tsinghua Unigroup. The move is viewed as a trade-off to gain the greenlight for the deal from the Chinese regulator, according to a chip industry executive familiar with the matter.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more