# ASE unit to invest $70.5M in Brazil JV with Qualcomm

Advanced Semiconductor Engineering's unit Universal Global Electronics will invest $70.5 million to set up a Brazil-based joint venture with a Qualcomm unit to develop and manufacture integrated multi-component system-in-package modules for smartphones and IoT devices.

- Type: Partnership
- Announced: 2018-02-06
- Where: Brazil, Brazil
- Value: $70.5M
- Status: announced
- Products: integrated multi-component system-in-package modules
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Advanced Semiconductor Engineering](https://endata.com/companies/19708.md)
- [Qualcomm](https://endata.com/companies/16058.md) (partner)
- [Universal Global Electronics](https://endata.com/companies/29882.md) (investor)

## Sources

- [reuters.com](https://www.reuters.com/article/brief-advanced-semiconductor-engineering/brief-advanced-semiconductor-engineering-unit-to-invest-70-5-mln-to-set-up-brazil-based-jv-idUSL4N1PW1AH/), 2018-02-06: "Advanced Semiconductor Engineering Inc Says co's unit Universal Global Electronics Co., Limited plans to invest $70.5 million to set up a Brazil-based JV with Qualcomm's unit"

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