Taiwan's PTI to invest $400 million in packaging venture with Broadcom
17/07/2026 10:55
Taiwan's PTI to invest $400 million in packaging venture with Broadcom 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.
(Reporting by Wen-Yee Lee
Editing by David Goodman)
((wen-yee.lee@thomsonreuters.com))
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Taiwan's PTI to invest $400 million in packaging venture with Broadcom