# Infineon sells two backend manufacturing sites to ASE

Infineon Technologies will sell two backend manufacturing sites, one in Cavite, Philippines and one in Cheonan, South Korea, to subsidiaries of ASE. ASE will assume operations with existing employees and long-term supply agreements have been signed.

- Type: Acquisition
- Announced: 2024-02-22
- Where: Cavite, Philippines; Cheonan, South Korea, Philippines
- Status: announced
- Products: semiconductor backend manufacturing
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Infineon Technologies AG](https://endata.com/companies/15717.md) (target)
- [ASE Group](https://endata.com/companies/22731.md) (acquirer)
- [ASE Technology Holding Co](https://endata.com/companies/33713.md) (acquirer)
- [ASE Korea Inc.](https://endata.com/companies/75873.md) (acquirer)

## Sources

- [evertiq.com](https://evertiq.com/design/55272), 2024-02-22: "ASE has been a trusted, strategic partner of Infineon for many years and will be an excellent new owner that will continue on this successful path and strengthen both fabs even further."
- [eetasia.com](https://www.eetasia.com/ase-acquires-infineons-manufacturing-sites-in-the-philippines-and-south-korea/), 2024-02-26: "The sale of our sites to ASE is in line with Infineon's manufacturing strategy, provides mutual synergies and enables further growth while strengthening supply chain resilience."

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