AEM Holdings Ltd. and ASE Technology Holding Co., Ltd. have announced a strategic partnership aimed at accelerating test innovation for artificial intelligence (AI) and high-performance computing (HPC) markets. The collaboration combines AEM's proprietary test technologies, including highly parallel test architectures and advanced thermal management, with ASE's world-class manufacturing scale in semiconductor assembly, testing, and materials (ATM) services.
Under the agreement, a wholly owned subsidiary of ASE will subscribe for 3,350,000 new ordinary shares of AEM at S$3.591 per share, raising approximately S$12 million in gross proceeds. The subscription represents 1.06% of AEM's issued share capital as of March 21, 2026. Additionally, the subsidiary will receive 28,111,856 free detachable warrants divided into two tranches, each exercisable into one ordinary share subject to revenue-related conditions tied to ASE. If fully exercised, the warrants would represent an additional 8.935% of AEM's current issued share capital. The transaction requires approval from the Singapore Exchange for listing and quotation of the new shares.
Proceeds from the private placement will support AEM's expansion in Taiwan and the integration of its test technologies into ASE's manufacturing and test environments. The funds will also advance AEM's product roadmap, enhance system offerings, and accelerate joint go-to-market initiatives for next-generation AI and HPC applications. The partnership also supports ISE Labs, a wholly owned subsidiary of ASE, in expanding its AI and HPC processor development capabilities, focusing on heterogeneous integration architectures such as multi-chiplet and advanced system-in-package designs, as well as optical interconnect technologies.
Ken Hsiang, Chief Executive Officer 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.”
Samer Kabbani, Chief Executive Officer 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.”
For more information about ASE, visit https://www.aseglobal.com. For more about AEM, the press release is available at https://www.newmediawire.com.
