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China International Development Corporation Limited and Powex Limited, a subsidiary of Lonten Semiconductor, signed a non-legally binding MOU to establish a strategic partnership and explore setting up an advanced power semiconductor technology R&D center in Hong Kong.
“the Company intends to establish a strategic partnership with the Partner to share resources and explore the establishment of an advanced power semiconductor technology research and development (R&D) center in Hong Kong”marketscreener.com
Summarized from public sources; check the original articles before acting on it.