ASE Investment Holdings, a leader in packaging and testing, announced on August 10 that it would acquire 30% of its shares in Suzhou ASE Semiconductor. Sold to Tsinghua Unigroup, the transaction amount was NT$2.918 billion.

According to Jiwei.com, packaging and testing leader ASE Investment Holdings announced on August 10 that it will sell 30% of its shares in Suzhou Sunrise Semiconductor to Unisplendour Group, with a transaction amount of NT$2.918 billion. (approximately US$95.34 million).

It is reported that in 2007, ASE entered into a joint venture with NXP (NXP) to establish Suzhou ASE Semiconductor. ASE spent US$127 million in March 2018 to acquire 40% of the shares held by NXP (NXP), thereby holding 100% of the shares of Suzhou ASE Semiconductor. The

report analyzed that through this move, Ziguang Group can deepen its layout in the packaging and testing business and improve the integrated industrial cluster. For ASE, the company can strengthen its industrial layout in the mainland through this move. This move is also considered to be promoting the group's mainland listing process.

ASE is a semiconductor packaging and testing manufacturing services company in Taiwan. It provides semiconductor customers with unified services including chip front-end testing and wafer pin testing to back-end packaging, materials and finished product testing. It is headquartered in Kaohsiung City . The company is currently the world's largest packaging and testing company.