Wise Road Capital, a global private equity fund, agreed to acquire GAPT Holding, a holding company, and ASE from ASE Technology, a semiconductor assembly and testing firm, for $1.46bn. Through the completion of the transaction, ASE will improve its overall competitive edge by optimizing its strategy and resource allocation in China, while further enhancing its investment in advanced technology development and expanding its leading edge capacities within Taiwan. ASE believes it can better leverage its global presence and leading-edge technology to better serve its global customer base.