Foxconn among potential bidders for Singaporean chip assembly firm UTAC in $3 billion deal

Taiwan’s Foxconn is among potential bidders for the Singaporean semiconductor assembly and testing business UTAC Holdings in a deal that could value the company at about $3 billion, two people with knowledge of the matter said.

UTAC’s owner, Beijing-based private equity firm Wise Road Capital, has hired Jefferies to run a sale process and is expecting to field non-binding bids by end of this month, the sources said.

Both the sources declined to be named as the information was confidential.

Foxconn declined to comment and UTAC, Wise Road and Jefferies…