Chip Firm UTAC’s Planned Sale Draws Interest From Sinar Mas, TCL

Private equity firm Wise Road Capital has shortlisted bidders for the potential sale of semiconductor assembly and testing company UTAC Holdings Ltd., according to people familiar with the situation.

Indonesian conglomerate Sinar Mas Group, Chinese electronics firm TCL Technology Group Corp. and chipmaker United Nova Technology Co. are among companies in the running and considering making binding offers for UTAC, the people said, asking not to be identified discussing a private matter.