Advanced Semiconductor Engineering (ASE), the world’s largest chip assembly company, on Thursday said operations at a factory damaged by fire last year are recovering, and the company has finalized a payment plan with a group of insurers.Nine insurance companies will collectively pay the chip assembler $8.1 billion new Taiwanese dollars (US$247.1 million) related to a factory blaze in May of last year. The fire halted production at the plant amid an upswing in chip demand, doubling the pain for ASE since it lost equipment in the blaze as well as work it could have profited from. Although much of the damage from the fire has been repaired, the company is still repairing certain parts of the plant, which is located in Chungli, Taiwan.The insurance companies have so far paid ASE NT$2.3 billion for damages related to the fire. -Dan Nystedt, IDG News Service (Taipei Bureau)Check out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content opinion The Importance of Identity Management in Security By Charles Pelton Nov 28, 2023 5 mins Cybercrime Artificial Intelligence Data Management brandpost Sponsored by Rocket Software Why data virtualization is critical for business success Data is your most valuable resource—but only if you can access it fast enough to address present challenges. Data virtualization is the key. By Milan Shetti, CEO of Rocket Software Nov 28, 2023 4 mins Digital Transformation brandpost Sponsored by Rocket Software The hybrid approach: Get the best of both mainframe and cloud Cloud computing and modernization often go hand in hand, but that doesn’t mean the mainframe should be left behind. A hybrid approach offers the most value, enabling businesses to get the best of both worlds. By Milan Shetti, CEO Rocket Software Nov 28, 2023 4 mins Digital Transformation brandpost Sponsored by Rimini Street Dear Oracle Cloud…I need my own space Access results from a recent Rimini Street survey about why enterprises are rethinking their Oracle relationship and cloud strategy. By Tanya O'Hara Nov 28, 2023 5 mins Cloud Computing Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe