AEM Holdings Ltd. and ASE Technology Holding Co., Ltd. have announced a strategic partnership aimed at accelerating test innovation for the rapidly expanding artificial intelligence and high-performance computing markets. The collaboration combines AEM's proprietary test technologies with ASE's world-class manufacturing scale to deliver disruptive test solutions. As part of the agreement, a wholly owned subsidiary of ASE will subscribe for 3.35 million new AEM shares at S$3.591 each, raising approximately S$12 million in gross proceeds for AEM. The subscription represents 1.06% of AEM's issued share capital as of March 21, 2026. Additionally, ASE will receive 28.11 million free detachable warrants, divided into two tranches with exercise prices set at 103% and 105% of the volume-weighted average price on the signing date. If fully exercised, the warrants would represent an additional 8.935% of current issued share capital. The transaction is subject to conditions including Singapore Exchange approval.
The proceeds from the private placement will support AEM's expansion in Taiwan and the integration of its test technologies, including highly parallel test architectures and advanced thermal management, into ASE's manufacturing and test environments. The funds will also advance AEM's product roadmap and accelerate joint go-to-market initiatives targeting next-generation AI and HPC applications. The partnership also supports ISE Labs, a wholly owned subsidiary of ASE, as it expands AI and HPC processor development capabilities for early-stage testing, validation, and characterization. These efforts focus on heterogeneous integration architectures, such as multi-chiplet and advanced system-in-package designs, as well as optical interconnect technologies critical for next-generation compute platforms. ASE's ATM portfolio provides high-volume advanced packaging and test capabilities for production-scale deployment.
Ken Hsiang, CEO of ISE Labs, stated: "As compute architectures grow more complex and time-to-production continues to compress, test has become a critical enabler of performance, reliability, and manufacturability for next-generation AI and HPC systems. By combining ISE’s advanced characterization and production-readiness capabilities with AEM’s scalable, high-parallel test technologies and system-level engineering strengths, this strategic partnership enables rapid transition from validation to ASE’s high-volume deployment while addressing the increasing complexity of advanced compute testing." Samer Kabbani, CEO of AEM, commented: "This partnership represents an important step in AEM’s strategy to work closely with industry leaders to advance the state of AI and HPC testing. ASE’s forward-looking approach and global scale make them an ideal partner as test requirements continue to intensify across advanced compute platforms."
The strategic partnership addresses the growing demand for advanced test solutions as semiconductor architectures become more complex. With AI and HPC applications driving innovation, the collaboration aims to improve performance, scalability, and time-to-market for next-generation products. For more information about ASE, visit https://www.aseglobal.com. For more about AEM, see the original release at https://www.newmediawire.com.
