ASE inked a deal with Analog Devices (ADI) to buy ADI’s Penang, Malyasia packaging plant as part of a long-term supply agreement, they said. ASE, the world’s biggest chip packaging/testing firm, will buy 100% of the 680,000 square feet plant, which will be expanded and upgraded, ADI said. The deal is expected to close in the 1st quarter 2026. Financials were not disclosed (Note: These deals are very standard. The US company is outsourcing chip packaging to ASE, which specializes in it.) $Analog Devices(ADI.US) $Advanced Semiconductor Engineering(ASX.US) #semiconductors #Malaysia
Source: Dan Nystedt
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