PENANG, Malaysia & WILMINGTON, Mass. – ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711) and Analog Devices, Inc. (NASDAQ: ADI) today announced strategic joint efforts in Penang, Malaysia with the signing of a binding Memorandum of Understanding.
Subject to the execution of the definitive transaction documents, ASE intends to purchase 100% of the equity of Analog Devices Sdn. Bhd., including its manufacturing facility located in Penang.
In addition, ADI and ASE intend to [further details to be announced].