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NTC's board of directors has approved the establishment of a joint venture semiconductor design company with Etron Technology, Inc. NTC will invest a maximum of NT$400 million for up to 40 million common shares at NT$10 per share.
“NTC's Board of Directors has Approved the Establishment of a Joint Venture Semiconductor Design Company with Etron Technology, Inc.”nanya.com
Summarized from public sources; check the original articles before acting on it.