Private equity firm The Carlyle Group has failed in its attempt to secure a $6.5bn (€4.8bn) deal for Taiwan's Advanced Semiconductor Engineering, but softened the blow with its third acquisition of a semiconductor business in the last year and its first in Japan.

Carlyle withdrew its offer for Taiwan-based ASE, after negotiations aimed at reconciling a different evalution placed on the business by ASE fell through. The deal was set to be the second-largest buyout in five years within the Asia Pacific region.