# Hon Hai and Yageo venture to acquire 30% stake in APEC

XSemi Corp, a joint venture of Hon Hai Precision Industry and Yageo Corp, plans to acquire a 30% stake in Advanced Power Electronics Corp (APEC) for about NT$2.89 billion (US$97.45 million).

- Type: Acquisition
- Announced: 2022-05-20
- Where: TWN
- Value: $97.5M (2.89B TWD)
- Status: announced
- Products: MOSFET, power management ICs, silicon carbide chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Hon Hai Precision Industry Co., Ltd.](https://endata.com/companies/17449.md) (investor)
- [Yageo Corporation](https://endata.com/companies/21631.md) (investor)
- [XSemi Corporation](https://endata.com/companies/54916.md) (acquirer)
- [Advanced Power Electronics Corp](https://endata.com/companies/62989.md) (target)

## Sources

- [taipeitimes.com](https://www.taipeitimes.com/News/biz/archives/2022/05/21/2003778536), 2022-05-20: "APEC’s products will also complement highly with XSemi’s internally developed power management ICs, silicon carbide chips and modules as total solutions"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.