BYD Semiconductor acquires 77.75% stake in ENERGEN for 5 billion yuan

BYD Semiconductor acquired a 77.75% stake in ENERGEN, a Chinese power semiconductor company in Jinan, Shandong, for 5 billion yuan (USD 774.8 million). ENERGEN was established in 2018 but has not yet started semiconductor manufacturing.

“BYD Semiconductor acquires a 77.75% stake in ENERGEN for RMB 5 billion (USD 774.8 million)”dopodomani.biz

• 1 source
• dopodomani.bizChina’s Largest Automotive Semiconductor Manufacturer Acquires Power Semiconductor CompanyJul 8, 2022

Summarized from public sources; check the original articles before acting on it.