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 brandpost The steep cost of a poor data management strategy Without a data management strategy, organizations stall digital progress, often putting their business trajectory at risk. Here’s how to move forward. By Jay Limbasiya, Global AI, Analytics, & Data Management Business Development, Unstructured Data Solutions, Dell Technologies Jun 09, 2023 6 mins Data Management feature How Capital One delivers data governance at scale With hundreds of petabytes of data in operation, the bank has adopted a hybrid model and a ‘sloped governance’ framework to ensure its lines of business get the data they need in real-time. By Thor Olavsrud Jun 09, 2023 6 mins Data Governance Data Management feature Assessing the business risk of AI bias The lengths to which AI can be biased are still being understood. The potential damage is, therefore, a big priority as companies increasingly use various AI tools for decision-making. By Karin Lindstrom Jun 09, 2023 4 mins CIO Artificial Intelligence IT Leadership brandpost Rebalancing through Recalibration: CIOs Operationalizing Pandemic-era Innovation By Kamal Nath, CEO, Sify Technologies Jun 08, 2023 6 mins CIO Digital Transformation 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