Chinese firm TCL holds talks with chipmaker ASMI - News Summed Up

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Chinese firm TCL holds talks with chipmaker ASMI

TCL is said to be working with an adviser to explore a possible bid for the Dutch company’s 25 percent holding in Hong Kong-listed ASM Pacific Technology Ltd (太平洋). At the same time, activist investors Elliott Management Corp and Eminence Capital are said to have pushed ASM International to sell its ASM Pacific shares. The Dutch company’s machines are used to turn silicon wafers into chips, while ASM Pacific produces chip assembly and packaging machinery. “We’ve begun exploring opportunities with ASM Pacific and other domestic companies to understand the industry’s prospects,” TCL said in its filing. “As of this announcement, we’ve had preliminary contact with ASM International, but neither party has signed agreements or contracts.”

Source: Taipei Times October 08, 2018 15:56 UTC