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ASE to acquire ADI’s Penang plant, plans long-term supply deal

ASE Technology Holding announced it will acquire Analog Devices’ (ADI) manufacturing facility in Penang, Malaysia, further expanding its global IC packaging and testing service network and manufacturing diversity. The two companies also plan to sign a long-term supply agreement, under which ASE will provide manufacturing services for ADI, while jointly investing to enhance the technological capabilities of the Penang facility.