AEM Holdings Ltd., a leader in test innovation, has announced a strategic partnership with ASE Technology Holding Co., Ltd., the leading provider of semiconductor assembly, testing, and materials services. This collaboration aims to deliver disruptive test solutions for the rapidly expanding artificial intelligence (AI) and high-performance computing (HPC) markets.
As part of the partnership, AEM will raise approximately S$12 million through a private placement of 3,350,000 ordinary shares to a wholly owned subsidiary of ASE. This represents 1.06% of AEM’s issued share capital as of March 21, 2026. ASE will also receive 28,111,856 free detachable warrants, divided into two exercisable tranches, contingent upon certain revenue-related conditions. If fully exercised, the warrants could result in an additional 8.935% of the current issued share capital.
The funds from this private placement will support AEM's expansion in Taiwan and the integration of its test technologies into ASE’s manufacturing environments. This includes highly parallel test architectures and advanced thermal management capabilities. The proceeds will also advance AEM’s product roadmap and accelerate joint go-to-market initiatives for next-generation AI and HPC applications.
The strategic partnership will also support ISE Labs, a subsidiary of ASE, in expanding its AI and HPC processor development capabilities. This includes addressing early-stage testing, validation, and characterization requirements with a focus on heterogeneous integration architectures and optical interconnect technologies.
Ken Hsiang, CEO of ISE Labs, emphasized the importance of test as a critical enabler for performance, reliability, and manufacturability in next-generation AI and HPC systems. He noted that the partnership with AEM would facilitate a rapid transition from validation to high-volume deployment.
Samer Kabbani, CEO of AEM, highlighted the significance of the partnership in advancing AI and HPC testing. He praised ASE’s forward-looking approach and global scale, which align with AEM’s strategy to develop next-generation test solutions that enhance performance, scalability, and time-to-market.
The transaction is subject to certain conditions, including the approval of the Singapore Exchange for the listing and quotation of the new shares. Both companies are poised to leverage their strengths to meet the increasing complexity and demand in the semiconductor industry.