Foxconn may bid $3 billion for UTAC Holdings, a Singaporean chip assembly firm

From Yahoo Finance: 2025-05-23 05:07:00

Taiwan’s Foxconn is a potential bidder for UTAC Holdings, a Singaporean semiconductor assembly and testing business, in a deal worth around $3 billion. UTAC’s owner, Wise Road Capital, has hired Jefferies to facilitate the sale process, expecting non-binding bids by the end of the month. Global chip manufacturing faces challenges amid national security concerns and technological competition, particularly between the U.S. and China. UTAC, with a China presence, may attract interest from non-U.S. financial and strategic bidders. Foxconn, a key supplier to Apple, has expanded into semiconductors as part of its growth strategy. UTAC, founded in 1997 in Singapore, provides assembly and test services for semiconductor chips used in various devices globally. Its estimated annual earnings before interest, taxes, depreciation, and amortization are approximately $300 million.



Read more at Yahoo Finance: Foxconn among potential bidders for Singaporean chip assembly firm UTAC in $3 billion deal, sources say