February 23, 2024 /SemiMedia/ -- ASE announced on February 22 that it would invest approximately NT$2.1 billion (approximately US$66.6 million) to acquire two back-end semiconductor packaging and testing factories from Infineon in Cavite, Philippines and Cheonan, South Korea.

According to ASE, the transaction amount of Infineon Technologies Manufacturing Ltd in Cavite Province, Philippines, is approximately 38.998 million euros; the transaction amount of Infineon Technologies PowerSemitech Co., Ltd., located in Cheonan City, South Korea, is approximately 23.591 million euros. The two acquisitions are expected to be completed as early as the end of the second quarter of this year.

ASE said that the packaging and testing factory in South Korea currently has 300 employees, and the packaging and testing factory in the Philippines has more than 900 employees. All employees of the two factories will be retained.

According to recent reports, ASE’s capital expenditure this year is expected to increase by 40% to 50% compared to last year, of which 65% will be used for packaging, especially advanced packaging.