Infineon Applied sciences and ASE Expertise Holding Co., Ltd. have introduced that definitive agreements had been signed below which Infineon will promote two backend manufacturing websites, one in Cavite, Philippines and one in Cheonan, South Korea, to 2 totally owned subsidiaries of ASE, a number one supplier of unbiased semiconductor manufacturing companies in meeting and check. The crops at the moment run below the entity names Infineon Applied sciences Manufacturing Ltd. – Philippine Department (Cavite) and Infineon Applied sciences Energy Semitech Co., Ltd. (Cheonan) and shall be acquired by ASE Inc. and ASE Korea Inc. respectively. Put up the transaction, ASE will assume operations with present staff, and additional develop each websites to help a number of prospects. As such, ASE and Infineon have additionally concluded long-term provide agreements below which Infineon will proceed to obtain beforehand established companies in addition to companies for brand new merchandise to help its prospects and fulfill current commitments.

Infineon’s manufacturing technique, with a balanced operations footprint combining in-house and exterior manufacturing, is a vital pillar of the corporate’s worthwhile development path. By pooling manufacturing volumes in Cavite and Cheonan below a brand new proprietor and providing highest-quality manufacturing companies to the general trade, Infineon and ASE will be capable to leverage mutual synergy potentials, thus producing engaging development potentials for each firms.

“We’ve wonderful, extremely competent groups and a fantastic observe report of highest high quality requirements at each websites, Cavite and Cheonan,” mentioned Alexander Gorski, EVP and Head of Backend Operations at Infineon. “ASE has been a trusted, strategic accomplice of Infineon for a few years and shall be a superb new proprietor that can proceed on this profitable path and strengthen each fabs even additional. The sale of our websites to ASE is in step with Infineon’s manufacturing technique, offers mutual synergies and permits additional development whereas strengthening provide chain resilience”.

“Each the automotive and energy administration market segments are strategic focus areas for ASE,“ mentioned Dr. Tien Wu, Chief Working Officer of ASE. “This acquisition of Infineon’s amenities in Cavite and Cheonan marks ASE’s robust dedication to type a strategic long-term partnership with Infineon in growing backend manufacturing options matching future development alternatives. Given Infineon’s market management in automotive and energy semiconductors and ASE’s main place in backend semiconductor manufacturing, this partnership creates a win-win answer for the complete ecosystem from product firms to the tip shopper.”

Infineon Applied sciences Energy Semitech is a backend manufacturing web site with round 300 staff. The fab is positioned in Cheonan, South Korea, about 60 miles south of Seoul. Infineon Applied sciences Cavite, is a backend manufacturing web site with greater than 900 staff. It’s positioned in one of many quickest rising and most industrialized provinces within the Philippines.

The transaction is anticipated to shut in direction of the tip of the second calendar quarter of 2024 when all pending closing circumstances may have been fulfilled.