06:45 AM EDT, 05/23/2025 (MT Newswires) -- Apple ( AAPL ) supplier Foxconn is among the potential bidders for UTAC Holdings in a deal that could value the Singapore-based semiconductor assembly and testing firm at roughly $3 billion, Reuters reported Friday, citing two people with knowledge of the matter.

UTAC's owner, China-based private-equity firm Wise Road Capital, has mandated Jefferies to run a sales process for the business, with nonbinding bids likely by the end of May, according to the report.

Foxconn, UTAC and Jefferies did not immediately respond to MT Newswires' requests for comment.

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