Taiwan's ASE group, Netherlands' NXP Semiconductors establish China jv |
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Published
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Sat, 29 Sep 2007 01:56
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TAIPEI (XFN-ASIA) - Advanced Semiconductor Engineering Inc (2311.TW) (ASE Inc) and NXP Semiconductors of the Netherlands said they have completed the establishment of an integrated circuits assembly and test joint venture in mainland China.Initially announced in February of this year, a joint statement said the new company is now named ASEN and is located at the Suzhou Industrial Park in the southeastern province of Jiangsu.ASEN is 60 pct owned by ASE Inc with the other40 pct held by NXP, a semiconductor firm founded by Philips.Initially ASEN will focus on mobile communications and is expected to expand into other segments in the future.ASEN will leverage and expand the previous assembly and test facility of NXP Semiconductors in Suzhou. The ASEN facility is also targeted for further expansion within the next few years, it added.adela.lin@afxasia.comal/kmqxfnal/xfnkmCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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