Fri, Feb 17, 2012 - Page 12 News List

ASE to increase S Korea investment by US$930 million

Staff writer, with CNA

ASE chief operating officer Wu Tien-yu, center, holds up a memorandum of understanding signed with Gyeonggi Governor Kim Moon-soo, left, and Paju Mayor Lee In-jae in Paju City, South Korea, yesterday. ASE plans to increase its investment in Paju.

Photo: CNA

Advanced Semiconductor Engineering (ASE, 日月光半導體), one of the world’s leading suppliers of semiconductor assembly and test services, announced yesterday an increase in investment of US$930 million in South Korea.

ASE Korea Inc, established 12 years ago, plans to expand its production in Gyeonggi Province’s Paju City through 2020, according to a memorandum of understanding signed by ASE chief operating officer Wu Tien-yu (吳田玉) and Gyeonggi Governor Kim Moon-soo earlier in the day.

ASE, whose products include high frequency packaging, flip-chip packaging and pressure sensors, expects total sales to reach US$1.4 billion in 2020, compared with US$500 million forecast for this year, it said.

ASE Korea currently employs 2,500 workers in facilities that cover 2.2 hectares, Kim said.

The expansion is expected to create 2,600 jobs in the city of 380,000 people, he added.

The South Korean branch is one of ASE’s 24 global subsidiaries.

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