FREMONT, Calif.--(BUSINESS WIRE)--Nov 7, 2024--
ISE Labs, Inc., a leading provider of semiconductor engineering services, today announced the acquisition of a significant parcel of land within Axis 2 Industrial Park, located in Tonalá, a city and municipality within the Guadalajara Metropolitan Area. This strategic land purchase demonstrates the company’s long-term commitment to the state of Jalisco and establishes a footprint for future expansion.
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ISE Labs focuses on semiconductor engineering, design and manufacturing scale-up of leading-edge semiconductor devices within North America and is a wholly owned subsidiary of ASE Technology Holding Company, the largest semiconductor assembly and test provider in the world. ASE plans for this project in Jalisco to include services for the packaging and testing of semiconductor chips, and believes it provides a unique opportunity for ASE to enlarge its global footprint and increase ASE’s presence in North America.
The future establishment of a semiconductor packaging and test facility in Jalisco paves the way for the recruitment of skilled engineers and technicians, and close collaboration with educational institutions on workforce development initiatives. The new facility is expected to create more than five hundred new jobs in its first year of operation.
To ensure the recruitment of the highly specialized talent required to operate in Jalisco, the Jalisco State Ministry of Economic Development (SEDECO), the Jalisco State Ministry of Innovation, Science and Technology (SICyT) and the Jalisco State Ministry of Education will facilitate a strong link between ISE Labs and the region's educational institutions and chambers of commerce.
Jalisco currently accounts for 70% of the semiconductor market in Mexico. The industry generates significant value in the economy due to the high paying jobs required to successfully run operations as well as the continued innovation across the state’s technology community.
“We are excited to strengthen ISE’s partnership with the state of Jalisco by securing future business expansion through our purchase of land in Tonalá. This proactive investment demonstrates ISE’s commitment to innovation, growth, and its valued relationship with the state of Jalisco,” said Kenneth Hsiang, Chief Executive Officer, ISE Labs. “It also provides business flexibility to expand as demand for semiconductor packaging and test continues to grow throughout North America.”
“This administration has successfully transformed our semiconductor and advanced electronics manufacturing services industry into a new model focused on technology and innovation,” said Enrique Alfaro Ramírez, Governor of the State of Jalisco. “ASE is a leading global company that represents the future and it has selected Guadalajara, Jalisco for this strategic investment that will bring important projects to our state. It also establishes Jalisco as the first state in Mexico, and indeed Latin America, that will offer OSAT services to major semiconductor companies from across North America.”
Terms of the acquisition have not been disclosed.
GLOSSARY
OSAT: Outsourced Semiconductor Assembly & Test
About ISE Labs, Inc.
Established in 1983, ISE Labs has a wealth of experience and expertise to serve the semiconductor community. The company’s broad offering of engineering services and products includes test engineering support, production test services, test program development, test interface and reliability test hardware, ESD, burn-in, environmental testing, mechanical testing, and failure analysis.
ISE Labs is a subsidiary of ASE, Inc. The world leader in advanced semiconductor packaging and test services, ASE offers a wide portfolio of technology and solutions for IC test program design, front-end engineering test, wafer probe, wafer bump, substrate design and supply, wafer level packaging, flip chip, system-in-package, and other manufacturing services.
About ASE, Inc.
Advanced Semiconductor Engineering, Inc. (ASE), a member of ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711) is the leading global provider of semiconductor manufacturing services in packaging and test. Alongside a broad portfolio of established packaging and test technologies, ASE is also delivering innovative VIPack™, advanced packaging, and system-in-package solutions to meet growth momentum across a broad range of end markets, including AI, automotive, 5G, high-performance computing, and more. To learn about our advances in SiP, fanout, MEMS and sensor, flip chip, and 2.5D, 3D and TSV technologies, all ultimately geared towards applications to improve lifestyle and efficiency, please visit: aseglobal.com, or follow us on LinkedIn & X: @aseglobal
Left to Right: Ou Li (ASE), Dina Grijalva (Jalisco Tech Hub Act), Ingu Yin Chang (ASE), Governor elect Pablo Lemus (State of Jalisco), Governor Enrique Alfaro (State of Jalisco), Jeff Thompson (ISE Labs), Andrew Lee (USI), Patricia MacLeod (ASE) (Photo: Business Wire)
NEW YORK (AP) — U.S. stocks ticked higher ahead of the Federal Reserve’s announcement about what it will do with interest rates. The S&P 500 was up 0.4% in early trading Thursday, though momentum slowed sharply from its surge a day before following Donald Trump’s presidential victory. The Dow Jones Industrial Average edged up 20 points, and the Nasdaq composite was 0.7% higher. Healthcare services company McKesson jumped 10% after reporting stronger profit than analysts expected. Lyft soared 25.8% after the ride-hailing app breezed past Wall Street’s sales and profit forecasts. Treasury yields eased in the bond market after surging a day earlier.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.
Wall Street pointed toward modest gains early Thursday after storming to records a day earlier on former President Donald Trump's presidential election victory.
Futures for the S&P 500 rose 0.3% before the bell and the Dow Jones Industrial Average ticked up 0.2%
Investors pored over a deluge of mixed corporate earnings reports as they prepare to turn their attention to the Federal Reserve’s decision on interest rates, due later in the day.
Lyft jumped close to 24% in extended trading overnight after the ride-hailing app breezed past Wall Street's sales and profit expectations and raised its forecast for the fourth quarter and full year.
Chipmaker Qualcomm climbed 7% after beat analysts' forecasts after its third-quarter net income nearly doubled from the same period a year ago. Arm Holdings also beat Wall Street targets, but the British chipmaker's guidance disappointed investors and its shares fell 6.5% before the bell.
Match Group tumbled 14% after the dating app brand missed revenue targets as its most popular app, Tinder, continued to underperform.
In Europe at midday, Germany’s DAX gained 0.8% the CAC 40 in Paris was nearly unchanged.
Britain's FTSE 100 edged down 0.2% after the Bank of England cut its main interest rate by a quarter of a percentage point to 4.75% on Thursday. The latest cut comes afte r inflation in the U.K. fell to an annual rate of 1.7%, its lowest level since April 2021.
Inflation in the U.S. has retreated on a similar track, and the broad expectation is that the Federal Reserve will cut its rate by another quarter-point later Thursday.
Much of Wall Street’s run to records this year was built on expectations for cuts to interest rates by the Federal Reserve, as inflation has headed back down to its 2% target. Easier interest rates help boost the economy, but they can also give inflation more fuel.
In Asia, Japan's Nikkei 225 fell 0.3% to 39,381.41, reflecting worries over the potential for a revival of trade tensions under a Trump administration.
“I think everybody’s going to be worried about Trump's tariffs because that’s one of the things in his playbook. And so we’ll have to see how things develop in the early stages of his presidency this time," said Neil Newman, head of strategy for Astris Advisory Japan.
South Korea's Kospi finished nearly flat, at 2,564.63. Australia's S&P/ASX 200 rose 0.3% to 8,226.30.
Chinese shares rallied after the government reported that exports jumped nearly 13% in October over a year earlier, the fastest pace in more than two years and far outpacing the 2.4% increase in September.
Hong Kong's Hang Seng gained 2% to 20,953.34. The Shanghai Composite index was up 2.6% at 3,470.66.
Trump has promised to slap blanket 60% tariffs on all Chinese imports, raising them still more if Beijing makes a move to invade the self-governing island of Taiwan.
Investors are adding to bets built earlier on what the higher tariffs, lower tax rates and lighter regulation that Trump favors will mean. Higher tariffs on imports from China would add to the burdens Beijing is facing as it struggles to revive slowing growth in the world's second-largest economy.
But the impact may be less drastic than feared, Zichun Huang of Capital Economics said in a report.
“We expect shipments to stay strong in the coming months –- any drag from potential Trump tariffs may not materialize until the second half of next year," Huang said.
Still, higher tariffs on imports from China, Mexico and other countries would raise the risk of trade wars and other disruptions to the global economy.
Trump's win raised expectations that Beijing may ramp up its spending and other stimulus to counter such trends. The Standing Committee of China's legislature is meeting this week and is expected to announce further measures by Friday.
Francis Lun, CEO of Geo Securities, said domestic issues were a greater concern than tariffs. "People want the government to spend some money to boost the economy, instead of looking outward,” he said.
In other dealings early Thursday, the U.S. dollar weakened against the Japanese yen, slipping to 153.86 yen from 154.62 yen. The euro rose to $1.0768 from $1.0730.
U.S. benchmark crude oil shed 75 cents to $70.94 per barrel. Brent crude, the international standard, lost 58 cents to $74.34.
The price of bitcoin settled in around $75,048 after hitting an all-time high above $76,480 on Wednesday. Trump has pledged to make the country “the crypto capital of the planet” and create a “strategic reserve” of bitcoin.
A board above the trading floor of the New York Stock Exchange shows the closing number for the Dow Jones industrial average, Wednesday, Nov. 6, 2024. (AP Photo/Richard Drew)
Trader Edward McCarthy works on the floor of the New York Stock Exchange, Wednesday, Nov. 6, 2024. (AP Photo/Richard Drew)
A man passes a video monitor on the side of the New York Stock Exchange in New York's Financial District on Tuesday, Nov. 5, 2024. (AP Photo/Peter Morgan)
A board above the trading floor of the New York Stock Exchange shows the closing number for the Dow Jones industrial average, Wednesday, Nov. 6, 2024. (AP Photo/Richard Drew)
People pass the New York Stock Exchange in New York's Financial District on Tuesday, Nov. 5, 2024. (AP Photo/Peter Morgan)
A TV camera screen shows the foreign exchange rate between U.S. dollar and South Korean won and the Korean Securities Dealers Automated Quotations (KOSDAQ) at a foreign exchange dealing room in Seoul, South Korea, Thursday, Nov. 7, 2024. (AP Photo/Lee Jin-man)
Members of media stand near the screens showing the Korea Composite Stock Price Index (KOSPI), left, the foreign exchange rate between U.S. dollar and South Korean won and the Korean Securities Dealers Automated Quotations (KOSDAQ) at a foreign exchange dealing room in Seoul, South Korea, Thursday, Nov. 7, 2024. (AP Photo/Lee Jin-man)
A currency trader talks on the phone at a foreign exchange dealing room in Seoul, South Korea, Thursday, Nov. 7, 2024. (AP Photo/Lee Jin-man)
A tv cameraman films the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Thursday, Nov. 7, 2024. (AP Photo/Lee Jin-man)
A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Thursday, Nov. 7, 2024. (AP Photo/Lee Jin-man)
A currency trader walks by the screens showing the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Thursday, Nov. 7, 2024. (AP Photo/Lee Jin-man)
