XPED Ltd (ASX:XPE) is pleased to announce they have signed a Memorandum of Understanding with Advanced Semiconductor Engineering Inc (NYSE:ASX) (TPE:2311) of Taiwan.
Advanced Semiconductor Engineering Inc.
Advanced Semiconductor Engineering, Inc. (NYSE:ASX) (TPE:2311) is the world's largest provider of independent semiconductor manufacturing services in assembly and test. The group develops and offers complete turnkey solutions covering IC packaging, design and production of interconnect materials, front-end engineering test, wafer probing and final test, as well as electronic manufacturing services through USI, Inc. As a global leader, ASE provides a complete scope of services for the semiconductor market, driven by superior technologies, breakthrough innovations, and advanced development programs. The ASE Group is co-listed on NYSE (NYSE:ASX) and TSEC (TPE:2311), has 65000 employees globally and a market capitalisation of approximately USD$8bn. http://www.aseglobal.com
Friday Asian stocks received a positive lead from Wall Street. US stocks overnight posted a slim gain, supported by better-than-expected retail sales data and analyst upgrades of a batch of blue-chip companies. Yesterday most Asian markets closed lower on renewed worries about China's policy tightening. Hong Kong's Hang Seng Index slid 1.4 per cent, while Shanghai Composite lost 2.4 per cent, with China's banking and property shares dropping sharply. Singapore market was also impacted by China's property bubble concerns, and Straits Times slid 0.5 per cent. Japan's Nikkei 225 was off 1.1 per cent as strong yen hurt exporters.