TAICHUNG, Taiwan, Nov. 24, 2017 /PRNewswire/ -- Siliconware
Precision Industries Co., Ltd. ("SPIL")(Taiwan Stock Exchange:
2325, NASDAQ: SPIL) and Advanced Semiconductor Engineering, Inc.
(TWSE Code: 2311, NYSE Code: ASX) ("ASE") jointly announced on
June 30, 2016 that both companies
plan to establish ASE Industrial Holding Co., Ltd. ("HoldCo").
Following the announcement, ASE and SPIL filed applications to
antitrust authorities in different jurisdictions in connection with
the proposed transaction. ASE and SPIL received clearances from the
Taiwan Fair Trade Commission and the U.S. Federal Trade Commission
on November 16, 2016 and May 15, 2017, respectively. On November 24, 2017, the Anti-Monopoly Bureau under
the Ministry of Commerce of the PRC ("MOFCOM") announced that it
has conditionally approved the proposed transaction. ASE and SPIL
highly appreciate the assistance that we have received from
cross-strait and all relevant governmental authorities during the
review process for this transaction. Since ASE and SPIL have now
received all necessary antitrust clearances for the transaction,
ASE will immediately proceed with the establishment of HoldCo. It
is expected that an extraordinary general meeting will be convened
in February 2018 and the
establishment of HoldCo will be completed by the end of
May 2018. This timeline, however, is
subject to the review progress of competent authorities.
The combination of ASE and SPIL in the form of a joint share
exchange (the "Share Exchange") could promote healthy competition,
enhance research and development intensity and provide high-quality
and customized services to all customers. More importantly, the
Share Exchange could contribute to the development of technical
support for the advancement of the next-generation digital age.
While the Share Exchange carries positive significance for
Taiwan and benefits the
development of the semiconductor packaging and testing technology
in the PRC and across the globe, ASE and SPIL are aware of the fact
that certain industry players and authorities in the PRC may have
concerns over the potential restrictive effects of the Share
Exchange. In order to mitigate such concerns, ASE and SPIL filed a
remedial proposal to MOFCOM, which included the companies'
commitments to maintain independent operations for a confined
period.
HoldCo will continue to list in Taiwan and in the US. ASE and SPIL will
continue to expand our investment in Taiwan, to cherish and protect this land that
nurtured us. In addition, we will continue to hold ourselves to the
highest corporate governance standards and implement sustainable
business philosophies. As an integral member of the global
semiconductor industry chain, HoldCo would undoubtedly face severe
competition and challenges. In order for HoldCo to compete
effectively in the global environment, HoldCo will need to rely on
the continued support and supervision from government authorities
and all sectors of the society. More importantly, HoldCo will need
to implement dynamic strategies to compete for talent and resources
on a worldwide basis. In order to achieve our long-term goal for a
sustainable industry and to enhance the welfare of the greater
population, HoldCo will continue to work with other industry
participants to explore strategic alliance opportunities, which
will in turn spur further innovation and create a mutually
beneficial business environment for the industry as a whole.
About SPIL
Siliconware Precision Industries Ltd. ("SPIL")(NASDAQ:SPIL,
Taiwan Stock Exchange:2325) is a leading provider of comprehensive
semiconductor assembly and test services. SPIL is dedicated to
meeting all of its customers' integrated circuit packaging and
testing requirements, with turnkey solutions that range from design
consultations, modeling and simulations, wafer bumping, wafer probe
and sort, package assembly, final test, burn-in, to shipment.
Products include advanced leadframe, substrate packages, wafer
bumping and FCBGA, which are widely used in personal computers,
communications, Internet appliances, cellular phones, digital
cameras, cable modems, personal digital assistants and LCD
monitors. SPIL supplies services and support to fabless design
houses, integrated device manufacturers and wafer foundries
globally. For further information, visit SPIL's web site at
www.spil.com.tw.
Safe Harbor Statement
The information herein contains forward-looking statements
within the meaning of Section 27A of the U.S. Securities Act of
1933 and Section 21E of the U.S. Securities Exchange Act of 1934.
We have based these forward-looking statements on our current
expectation and projections about future events. Such
forward-looking statements are inherently subject to known and
unknown risks, uncertainties, assumptions about us and other
factors that may cause the actual performance, financial condition
or results of operations of SPIL to be materially different from
what may be implied by such forward-looking statements. Investors
are cautioned that actual events and results could differ
materially from those statements as a result of a number of
factors, including, among other things:
- the intensely competitive personal computer, communications,
consumer ICs and non-commodity memory semiconductor industries and
markets;
- cyclical nature of the semiconductor industry;
- risks associated with global business activities;
- non-operating losses due to poor financial performance of some
of our investments;
- our dependence on key personnel;
- general economic and political conditions;
- possible disruptions in commercial activities caused by natural
and human induced disaster, including terrorist activities and
armed conflicts and contagious disease, such as the Severe Acute
Respiratory Syndrome;
- fluctuations in foreign currency exchange rates; and
- other risks identified in our annual reports on Form 20-F filed
with the U.S. Securities and Exchange Commission each year.
The words "anticipate," "believe," "estimate," "expect,"
"intend," "plan" and similar expressions, as they relate to us, are
intended to identify a number of these forward-looking statements.
We undertake no obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise. In light of these risks, uncertainties and assumptions,
the forward-looking events discussed herein might not occur and our
actual results could differ materially from those anticipated in
these forward-looking statements.
Contact:
|
|
Siliconware
Precision Industries Co., Ltd.
|
Eva Chen, VP of
Finance Div.
|
No.45, Jieh Show
Rd.
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SPILIR@spil.com.tw
|
Hsinchu Science Park,
Hsinchu
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+886-4-25341525#1536
|
Taiwan,
30056
|
Byron Chiang,
Spokesperson
|
www.spil.com.tw
|
Spokesperson@spil.com.tw
|
|
+886-3-5795678#3676
|
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SOURCE Siliconware Precision Industries Co., Ltd.