TPE:2409

5 stories mentioning TPE:2409Updated 34d ago

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Market Chatter: TSMC Said in NT$30 Billion Talks for Two AU Optronics Plants

TSMC (TPE:2330) is reportedly in talks to acquire two AU Optronics (TPE:2409) plants in Taiwan for more than NT$30 billion, according to a report by Economic Daily News on Monday, citing unnamed sources.The deal, which covers the L7 and L5C plants at Central Taiwan Science Park, is in the negotiation phase, with TSMC personnel having conducted on-site inspections, the report said.Through the deal, the two companies will reportedly develop advanced packaging technologies.TSMC and AU Optronics did not immediately respond to' requests for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TPE:2330TPE:2409

Asia45d ago

AUO Changes Transaction Structure for Planned Sale of Energy Business

AUO (TPE:2409) has amended the transaction structure for the planned sale of its energy business announced in April, citing the implementation timeline of the deal and the operational plan of its energy business unit, AEUS.AUO's original plan was to sell its and its units' stakes in six energy-related companies - Star Shining Enetek, AUO Power, Feng Yao Power, Zheng Yao Power, Zhao Feng Energy and AEUS - to Star Shining Energy.Under the revised plan, AUO Singapore will no longer sell AEUS to Star Shining Energy, according to a Thursday Taiwan Exchange filing.The closing date for the sale of Zhao Feng Energy will be determined by the chairman, while the closing of the remaining energy businesses, except Star Shining Enetek, is now expected on Oct. 1.AUO also revised the minimum consideration for the remaining businesses, excluding Star Shining Enetek and AEUS, to at least NT$20 million.The company said the changes are not expected to have any impact on its financial position or business operations.

TPE:2409

Asia45d ago

AUO Corp Gets Board Nod for NT$8.64 Billion Capex; Shares Down 6%

Optoelectronics company AUO Corp (TPE:2409) received board approval for a proposed capital expenditure budget of NT$8.64 billion, according to a Thursday filing to the Taiwan stock exchange.The increase in capex will mainly be used to establish and optimize production capacity and the deployment of new AI technologies.The capital expenditure budget will be used flexibly based on market conditions and customer demand, and the actual payment amount will depend on the progress of execution and payment terms.The company's shares were down over 6% in Thursday's trade.

TPE:2409

Asia45d ago

ASE Technology Unit to Acquire Plant, Facilities for NT$6.3 Billion

ASE Technology (TPE:3711) unit Advanced Semiconductor Engineering will acquire a plant and facilities in Kaohsiung from AUO (TPE:2409) for NT$6.3 billion.The property, located in Luzhu District, has a total building area of 96,571.82 square meters, according to a Thursday Taiwan Exchange filing.The acquisition will be used to expand the leading-edge advanced packaging capacity at its Kaohsiung plant, ASE Technology said.

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Asia47d ago

AUO to Dispose of Plant, Property to Quanta Computer

AUO (TPE:2409) board approved the disposal of property and related equipment at its Huaya Plant to Quanta Computer for NT$19.7 billion, according to a Tuesday filing with the Taiwan Exchange.The assets comprise two land parcels spanning about 65,260 square meters, eight buildings of around 162,826 square meters and a batch of related equipment.The disposal is part of the display panel maker's strategy to focus on a light-asset operational model.

TPE:2409

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