Hon Hai, Yageo venture to acquire 30% APEC stakeBy Lisa Wang / Staff reporterHon 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. Yageo chairman Pierre Chen, left, and Hon Hai chairman Young Liu bump elbows in an undated photograph. Hon Hai is a major iPhone assembler, while Yageo is the world’s No. “Semiconductors have been one of the three key technology pillars of Hon Hai,” said Hon Hai chairman Young Liu (劉揚偉), who is also chairman of XSemi. “Our alliance with APEC is to capture the upcoming opportunities in analogue and power semiconductors,” Yageo chairman Pierre Chen (陳泰銘) said in the statement.

Source: Taipei Times May 21, 2022 02:26 UTC