# ASE Technology sells 30% stake in Suzhou ASEN to Tsinghua Unigroup

ASE Technology Holding Co agreed to sell a 30% stake in its Suzhou subsidiary, Suzhou ASEN Semiconductors Co, to Tsinghua Unigroup Ltd for about US$95.33 million.

- Type: Acquisition
- Announced: 2018-08-10
- Where: Suzhou, China
- Value: $95.3M
- Status: announced
- Products: IC packaging and testing services
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [ASE Technology Holding Co](https://endata.com/companies/33713.md)
- [Tsinghua Unigroup](https://endata.com/companies/19494.md) (investor)
- [Suzhou ASEN Semiconductors Co](https://endata.com/companies/33714.md) (target)

## Sources

- [taipeitimes.com](https://www.taipeitimes.com/News/biz/archives/2018/08/13/2003698426), 2018-08-12: "The sale aims to build a strategic partnership with Tsinghua Unigroup to help ASE Technology penetrate China’s fast-growing semiconductor market."

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