# ASE and SPIL receive all antitrust approvals for combination

Advanced Semiconductor Engineering (ASE) and Siliconware Precision Industries (SPIL) received conditional approval from China's Anti-Monopoly Bureau for their combination, completing all necessary antitrust clearances. The establishment of ASE Industrial Holding Co., Ltd. is expected by end of May 2018.

- Type: Acquisition
- Announced: 2017-11-24
- Where: Taipei, TWN
- Value: $4.27B (128.0B TWD)
- Status: announced
- Products: semiconductor packaging and testing services
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Advanced Semiconductor Engineering](https://endata.com/companies/19708.md) (acquirer)
- [Siliconware Precision Industries](https://endata.com/companies/19709.md) (target)

## Sources

- [centralcharts.com](https://www.centralcharts.com/en/5341-siliconware-precision/news/1137971-ase-and-spil-received-all-antitrust-approvals-for-their-combination-and-the-establishment-of-ase-industrial-holding-co-ltd), 2017-11-24: "On November 24, 2017, the Anti-Monopoly Bureau under the Ministry of Commerce of the PRC announced that it has conditionally approved the proposed transaction."
- [taipeitimes.com](https://www.taipeitimes.com/News/front/archives/2017/11/25/2003682877), 2017-11-24: "As ASE and SPIL have now received all necessary anti-trust clearances for the transaction, ASE will immediately proceed with the establishment of a holding company."
- [asia.nikkei.com](https://asia.nikkei.com/business/china-approves-merger-of-taiwan-chip-assemblers), 2017-11-24: "China's anti-trust watchdog on Friday approved the merger of Advanced Semiconductor Engineering... with smaller Taiwanese rival Siliconware Precision Industry Ltd."
- [sec.gov](https://www.sec.gov/Archives/edgar/data/1111759/000095010317012423/dp84141_425.htm), 2017-12-14: "ASE and SPIL signed a Supplemental Agreement to Joint Share Exchange Agreement to amend and extend the Long Stop Date of Joint Share Exchange."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.