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http://www.digitimes.com/NewsShow/MailHome.asp?datePublish=2010/6/30&pages=PM&seq=200

Advanced Semiconductor Engineering (ASE), a major Taiwan-based chip packaging and testing firm, has announced plans to spend a total of US$124 million on operation expansions in China. The investment will be made indirectly through its affiliated company ASE Test.

ASE, in a filing with the Taiwan Stock Exchange (TSE), revealed an investment worth US$100 million for setting up a new plant in the Pudong industrial district of Shanghai.

ASE also issued a separate filing with the TSE disclosing a plan to invest US$24 million in new production lines at its Kunshan, Jiangsu Province facility.

ASE recently kicked off construction of a new plant (K12) in Kaohsiung, southern Taiwan, with completion scheduled for November 2011. Total investment for K12 is estimated at about US$460 million, according to the company.

ASE has revised its 2010 capex to US$600-700 million, up from the previously-estimated US$450-500 million