Advanced Semiconductor Engineering, a subsidiary of ASE Technology Holding (TPE:3711), has agreed to acquire machinery worth NT$1.02 billion from Hanmi Semiconductor (KRX:042700), according to a Friday filing to the Taiwan stock exchange.
The machinery will be used for production and operation, the company said.
ASE's shares were down nearly 1% in recent trade in Taiwan, while shares of Hanmi fell almost 4% in Seoul trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.