Hon Hai acquires the silicon carbide unit of Guochuang Semiconductor to promote competitive advantages in the electric vehicle market

In news on June 1, Hon Hai and Yageo Semiconductor announced a new semiconductor strategic cooperation plan. According to statements issued by both parties, Hon Hai plans to acquire the silicon carbide (SiC) unit of Guochuang Semiconductor and launch a new layout in the semiconductor field.

It is reported that Guochuang Semiconductor is a company jointly invested and established by Hon Hai and Yageo two years ago. In order to promote further development of cooperation, Guochuang Semiconductor decided to transfer its integrated circuit (IC) and silicon carbide component/module product business to Hon Hai's newly established IC design subsidiary. The total value of this transaction is NT$204 million, equivalent to approximately 47.124 million yuan.

In order to strengthen cooperation, the two companies will also re-plan the ownership structure of Guochuang Semiconductor. Yageo will hold 55% of Guochuang Semiconductor, while Hon Hai will hold the remaining 45%. In addition, Chen Taiming, chairman of Yageo Group, will serve as chairman of Guochuang Semiconductor.

According to the editor’s understanding, Liu Yangwei, chairman of Hon Hai Group, said that this cooperation will help Hon Hai’s electric vehicle business and vehicle customers to compete in the rapidly rising electric vehicle market. provide a better competitive advantage. It has been previously reported that Hon Hai’s Model Plan E will begin mass production in the second quarter of this year. Hon Hai’s newly established IC design subsidiary will take over Guochuang Semiconductor’s integrated circuit and silicon carbide component/module product lines and teams, and will begin delivering passenger cars with Hon Hai electric vehicles at the end of this year to further promote Hon Hai’s business in Developments in the field of electric vehicles.

The above is the editor’s report on the cooperation between Hon Hai and Yageo Semiconductor. This cooperation will play a positive role in promoting the development of the semiconductor industry and improving Hon Hai's competitiveness in the electric vehicle market. We will continue to pay attention to relevant developments and provide readers with the latest reports and analysis.

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