ASE and silicon products signed a share conversion agreement on June 30, 2016. The two parties agreed to jointly form a new holding company by way of share conversion, and ASE expects to set up ASE Investment Holdings Co., Ltd. before December 31, 2017 to start a new Mode of operation, will start with the chip set up a new holding company operations.It is reported ASE total spend 170 billion yuan NT.
The merger was first approved by the Taiwan Fair in November 2016. It was once again approved by the U.S. Federal Trade Commission (FTC) in May 2017. Today, the conditional release of China's Ministry of Commerce is a combination of ASE and silicon products The final step in the anti-trust review of the merger.
The mainland is actively supporting the semiconductor industry. Japan Silicones poses a greater threat to the IC packaging and testing plant in Jiangsu Province. Even though the Ministry of Commerce may approve it, it will inevitably adopt the tactics of delaying tactics. In the case of the merger of the MediaTek and Morningstar, the mainland considers the mainland The delay in the merger of Morning Star and Morningstar has resulted in a three-day delay on the merger date, resulting in a delay of more than a year.
ASE and silicon products in mainland China have set up factories, of which ASE settled in Shenzhen, Shanghai, Kunshan and Weihai, silicon products factory in Suzhou.According to industry analysts, ASE and silicon products in mainland China, although the promotion of China Semiconductor The development of the industry is helpful, but it also poses a certain threat to the mainland's IC packaging and testing plants such as Jiangsu Changdian, Southern Fujitsu and Tianshui Huatian.
Earlier, ASE Wu Tianyu said in response to the development of the semiconductor industry in the future, said the assembly and testing of semiconductor manufacturers and integrated semiconductor components manufacturers (IDM), and with the global government, cooperation and trust is very important.
ASE and silicon products after the merger,
Notice of China's Ministry of Commerce is as follows:
On November 24, 2017, the Ministry of Commerce issued a public notice announcing the acquisition of the equity interest of Silicon Precision Industry Co., Ltd. (hereinafter referred to as Silicon Product) by ASE Co., Ltd. (hereinafter referred to as ASE) in the form of additional restrictive conditions.
The Ministry of Commerce put this operator on file on June 6, 2017, and the deadline for the review is November 29. Both ASE and silicon products are the enterprises in Taiwan of China and occupy the leading position in the field of semiconductor packaging, testing and foundry services. After review, ASE and silicon products in the global semiconductor packaging and testing foundry service market there is a horizontal overlap.This focus will make ASE further increase market share, the transaction may engage in differential pricing and price exclusion to curb the competitive behavior, reduce Customer Alternatives to Major Package Testing Foundry Service Providers, Ultimately Harmful to Consumer Interests MOFCOM has decided to grant this concentration subject to any restrictive conditions.
During the review process, MOFCOM solicited opinions from relevant departments and trade associations extensively, held symposiums with competitors and upstream and downstream enterprises on many occasions, conducted investigations through questionnaires and field surveys, commissioned third-party consulting firms for economic analysis, The Federal Trade Commission exchanged views on progress, competition concerns and more.