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Phoenix Mecano Management AG Key word Miscellaneous Phoenix Mecano streamlines portfolio 28Aug2023 0700 CETCEST Release of an ad hoc announcement pursuant to Art 53 LR The issuer is solely responsibl
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...