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Chinese EV company CH-AUTO to go public via $1.7 bn SPAC deal: Reuters

Chinese electric vehicle company CH-AUTO Technology Corp. Ltd. said on Monday it had agreed to go public with a US blank-check firm in a deal valued at nearly $1.7 billion, including debt, according to Reuters. The deal with Mountain Crest Acquisition Corp. IV comprises an equity value of $1.25 billion and a net debt of $460 million, the companies said. A special purpose
Mehnaz Yasmin Shinjini Ganguli Ch Auto Inc Technology Corp Mountain Crest Acquisition Corp Mountain Crest Acquisition

SIOS Technology Honored as Gold Stevie Award Winner in 2022 American Business Awards

SAN MATEO, CA – May 2, 2022 –  SIOS Technology Corp ., an industry leader in application high availability and disaster recovery, was named the winner of a Gold Stevie® Award in the Customer Service Team of the Year category in the 20 th Annual American Business Awards® today.
United States Masahiro Arai Beth Winkowski Maggie Miller Stevie Awards For Sales Customer Service Winkowski Public Relations

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Taiwan producer to cut prices for COVID rapid test kits

Taipei, April 24 (CNA) The price of one type of domestically produced rapid COVID-19 antigen test kit will be reduced from NT$300 (US$10.23) to NT$200 or even lower as part of a pack of five starting Monday, in a first round of price cuts announced by manufacturer TaiDoc Technology Corp. Sunday.
T Ai Pei Jeffrey Wu Evelyn Kao Enimmune Corp Taidoc Technology Corp Formosa Biomedical Technology Corp

Lite-On expects robust revenue growth

Electronic components supplier Lite-On Technology Corp (光寶科技) yesterday said revenue would grow by at least a double-digit percentage sequentially this quarter due to continued growth in power management units used in cloud-based data centers, automotive electronics and electric chargers. Lite-On’s forecast came as it manages supply chain disruptions caused by COVID-19 lockdowns in the Chinese electronics manufacturing hubs of Shanghai, Kunshan and Suzhou through production site divers...
United States Republic Of T Ai Pei Anson Chiu Vizio Inc Technology Corp

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