Taiwan shares end up, led by semiconductor stocks

by Focuas Taiwan

Taipei, Dec. 15, 2015 – 

Shares in Taiwan closed higher Tuesday as the semiconductor sector led the upturn on the back of newly announced buy-out deals at a time when the global integrated circuit business is in consolidation mode, dealers said.

Siliconware Precision Industries Co. (矽品), the third-largest IC packaging and testing service firm, made a strong showing after Taiwanese rival Advanced Semiconductor Engineering Inc. (ASE, 日月光), the largest in the world, which holds a 25 percent stake in Siliconware, said a day earlier that it will acquire the remaining 75 percent, the dealers said.

Inotera Memories Inc. (華亞科), one of Taiwan's leading dynamic random access memory (DRAM) chip makers, attracted significant buying after U.S.-based counterpart Micron Technology Inc. -- which already has a 33 percent stake in the Taiwanese firm -- announced that it is buying the remaining 67 percent, the dealers said.

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