Advanced Semiconductor Engineering (ASE) and Siliconware Precision Industries (SPIL) have formally agreed to merge their businesses. An agreement was reached on the 26th May and announced on the 30th June. The merger is expected to be complete by Q4’17.
A holding company (ASE and SPIL Discuss Holding Company) will be established to own both firms. The new entity may be known as ASE Industrial Holding. Both ASE and SPIL will be able to maintain their separate legal entity statuses, however.