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ASE Technology Holding plans to purchase 100% of Analog Devices Sdn. Bhd. and its manufacturing facility in Penang, Malaysia, and enter a long-term supply agreement for manufacturing services. ADI will co-invest in upskilling the facility.
“The proposed acquisition of ADI’s Penang facility is a strategic move designed to broaden ASE’s global manufacturing capabilities and achieve a higher degree of operational flexibility and scale.”aseglobal.com
Summarized from public sources; check the original articles before acting on it.