Penang, Malaysia and Wilmington, MA – October 21, 2025 – ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711) and Analog Devices, Inc. (NASDAQ: ADI) today announced a strategic collaboration with the signing of a binding Memorandum of Understanding (MoU) that outlines ASE’s plan to acquire ADI’s manufacturing facility in Penang, Malaysia.
Under the terms of the MoU, and subject to execution of definitive agreements, ASE intends to purchase 100% of the equity of Analog Devices Sdn. Bhd., including its state-of-the-art manufacturing facility in Penang. In addition, ADI and ASE plan to establish a long-term supply agreement, with ASE providing manufacturing services for ADI. Both companies also plan to co-invest in the continued development and upskilling of the Penang workforce.
Established in 1994 and located in the Bayan Lepas industrial hub, the ADI Penang facility spans over 680,000 square feet. The proposed acquisition will further expand ASE’s global IC packaging and testing footprint, enhance manufacturing diversity, and strengthen resilience across the semiconductor supply chain.
“The proposed acquisition of ADI’s Penang facility is a strategic move designed to broaden ASE’s global manufacturing capabilities and achieve a higher degree of operational flexibility and scale,” said Tien Wu, Chief Operating Officer at ASE Technology Holding Co. “This announcement also underscores our continued commitment to strengthen our collaboration with ADI in delivering exceptional IC packaging and testing solutions for their high-performance analog, mixed-signal, and DSP products. We look forward to welcoming the ADI Penang team into the ASE family and leveraging our combined strengths to drive future growth and innovation.”
“Assembly technology and resilient manufacturing are critical elements for fueling ADI’s growth,” said Vivek Jain, Executive Vice President of Global Operations & Technology at ADI. “By teaming up with ASE, we can expand the Penang factory’s capability and capacity, strengthening both our technology portfolio and supply chain resiliency. This joint effort will create new opportunities for our employees and reinforce Penang’s position as a global semiconductor manufacturing hub.”
The parties expect to finalize the definitive agreements in Q4 2025, with the transaction expected to close in the first half of 2026, subject to customary closing conditions and regulatory approvals. Upon completion, ASE will assume full operations of the Penang facility and continue to support both ADI and other global customers from the site.
