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Taiwan

XSemi Corporation’s IC and SiC business to be transferred to Hon Hai’s IC design subsidiary

Announced on May 31, 2023, XSemi Corporation (XSemi), the semiconductor joint venture of Hon Hai Technology Group and YAGEO Group, will transfer its IC (integrated circuit) and SiC (Silicon Carbide) product and module business to Hon Hai’s newly established IC design subsidiary for an all-cash consideration of NTD 20....

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