Taiwan's PTI to invest $400 million in packaging venture with Broadcom

Broadcom Limited

Broadcom Limited

AVGO

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By Wen-Yee Lee

TAIPEI, July 17 (Reuters) - Taiwanese chip packaging company Powertech Technology Inc (PTI) 6239.TW plans to invest $400 million in an advanced packaging joint venture with Broadcom AVGO.O in Singapore, it said in a stock exchange filing late on Thursday.

  • The venture will help PTI to expand globally and be closer to its customers' supply chains, the company said without providing further detail.

  • The transaction timetable and final terms and conditions are subject to regulatory approval, PTI added.


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