Foxconn among potential bidders for Singapore chip assembly firm UTAC in US$3 billion deal: sources

[HONG KONG] Taiwan’s Foxconn is among potential bidders for the Singaporean semiconductor assembly and testing business UTAC Holdings in a deal that could value the company at about US$3 billion, two people with knowledge of the matter said.

UTAC’s owner, Beijing-based private equity firm Wise Road Capital, has hired Jefferies to run a sale process and is expecting to field non-binding bids by end of this month, the sources said.

Both the sources declined to be named as the information was confidential.