Advanced Power Electronics Corp News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Hon Hai Precision Industry Co (鴻海精密), which assembles electric vehicles for Fisker Inc and Lordstown Motors Corp, yesterday signed an agreement with Taisic Material Corp (盛新材料) to invest NT$500 million (US$16.79 million) by subscribing to Taisic’s share issue through its investment subsidiary, the latest in a slew of steps made by Hon Hai to build an electric vehicle chip ecosystem. The deal with Taisic would help Hon Hai gain better access to silicon carbide (SiC) substrates, a key component in building electric vehicles, it said in a statement. The investment would give Ho...

Hon Hai Precision Industry Co (鴻海精密) and Yageo Corp (國巨) yesterday said that they plan to acquire a 30 percent stake in local semiconductor manufacturer Advanced Power Electronics Corp (APEC, 富鼎) for about NT$2.89 billion (US$97.45 million) through a joint venture, their latest effort to broaden their semiconductor portfolios. The joint venture, XSemi Corp (國創半導體), has offered to buy 35 million Advanced Power Electronics shares at NT$82.58 per share, statements filed by the companies to the Taiwan Stock Exchange showed. That represented a discount of 26.68 percent com...