TAIPEI – Taiwan’s Advanced Semiconductor Engineering, the world’s biggest integrated circuit testing and packaging firm, unveiled on Thursday an agreement on investment in Brazil with the American firm Qualcomm, although the agreement is still under study.
The plan includes the construction of an integrated circuit packaging and testing plant in Campinas, southern Brazil, in collaboration with smartphone chip designer Qualcomm, the Taiwanese daily Gongshang Shibao reported on Thursday.
ASE, Qualcomm and the Brazilian government are planning to invest $200 million in the project’s initial phase in Campinas where South Korea’s Samsung and China’s Lenovo already have factories, according to industry sources quoted by the daily.
This announcement follows an increasing number of investments made in Brazil by Taiwanese technology companies, such as the New Kingpo Group and ADATA Technology, in response to incentives and market appeal, according to statements by company executives Wednesday during a Brazilian promotion event in Taipei.
ADATA, the world’s second largest supplier of semi-conductor modules, seeks to increase its investment in Brazil in the fields of research and development, manufacturing and sales networking, its director Max Liu said at the event.