USI Invests in Automotive and Intelligent Industry Development Fund


Reading time ( words)

Universal Global Electronics Co. Ltd, a subsidiary of USI, the electronics manufacturing services (EMS) arm of ASE Group, recently entered into an agreement with Phi GP Ltd to subscribe for the share of PHI Fund L.P. for not more than $25 million, and invest in installments in accordance with the required amount of investment targets.

The PHI Fund is a professional investment management team composed of experienced professionals in the automotive industry, high-tech industry and investment field. The fund will focus on exploring crossover, upgrade and transformation investment opportunities arising from the transformation of new travel modes, and discovering valuable investment targets by introducing new technologies of different fields to all links of the industry chain or introducing existing technologies into new markets. The investment fund will be mainly used for investing in the automotive and smart industries.

USI's investment in the PHI Fund is beneficial to the company for leveraging the experience of the fund management team to accelerate the layout and business development of the automotive electronics industry, establish a broader partnership with fund investors and fund investment companies while sharing fund investment gains, increase the company's engagement in the automotive electronics industry and ecosystem, and enhance industry influence.

Share




Suggested Items

Four Silver Linings in the Stormy Clouds of Pandemic, Supply Chain, and Inflation

09/14/2022 | Dr. Ronald C. Lasky, Indium Corp.
It may be difficult to see any bright spots in the current and recent economic situation. We have all experienced the devastation of the pandemic, supply chain issues, and most recently, inflation. However, as a senior technologist for an international materials supplier (Indium Corporation) and a professor of engineering at an Ivy League research university (Dartmouth College), I offer these four silver linings for those of us in the electronics industry.

Thriving Through Greater EMS Collaboration

08/23/2022 | Chris Peters, USPAE
Events of the past two years have clearly demonstrated the value of strong trading relationships. When materials become constrained, as in the recent microchip shortage or any of the pandemic-driven supply chain snafus, the companies that have those materials have a choice to make. Which customers will be put at the front of the line, and which will be placed at the rear? Too often, company executives assume that since they are a large buyer, they automatically will be prioritized when supplies are constrained. Research has shown that this is not always the case, and that assumption can leave a company in a weakened position.

New Book from I-Connect007 Examines Evolution of Electronics Industry NPI

08/01/2022 | I-Connect007
The Electronics Industry’s Guide to… The Evolving PCB NPI Process is the first book in I-Connect007’s new The Electronics Industry’s Guide to… technical series. This valuable resource is for all segments of the electronics interconnect industry.



Copyright © 2022 I-Connect007. All rights reserved.