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@ Layer3.news
2025-05-24 09:36:03
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EXCLUSIVE: FOXCONN AMONG POTENTIAL BIDDERS FOR SINGAPOREAN CHIP ASSEMBLY FIRM UTAC IN $3 BILLION DEAL, SOURCES SAY
https://media.zenfs.com/en/reuters-finance.com/42a3c5370513016aae30699dd5adff0a
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✍️ Taiwan's Foxconn is among potential bidders for Singaporean semiconductor assembly and testing business UTAC Holdings in a deal that could value the company at about $3 billion.
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👉 Foxconn is among potential bidders for UTAC Holdings
👉 UTAC's owner Wise Road Capital hired Jefferies to run a sale process
👉 Non-binding bids expected by the end of this month
👉 UTAC has production facilities in Thailand, China, and Indonesia
👉 UTAC's estimated annual earnings before interest, taxes, depreciation, and amortisation are about $300 million
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#KaneWu #YantoultraNgui #BrendaGoh #Wen-yeeLee #SumeetChatterjee #KevinLiffey #HongKong #Singapore #Thailand #China #Indonesia #Taiwan #Shanghai #UnitedStates #Europe #Asia #business
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