# XSemi transfers IC and SiC business to Hon Hai subsidiary

XSemi Corporation will transfer its IC and SiC product and module business to Hon Hai's newly set up IC design subsidiary for NT$204 million. YAGEO and Hon Hai will adjust XSemi's shareholding to 55% and 45% respectively.

- Type: Acquisition
- Announced: 2023-05-31
- Where: TWN
- Value: $6.60M (204.0M TWD)
- Status: announced
- Products: power management ICs, SiC power modules, MOSFETs
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [XSemi Corporation](https://endata.com/companies/54916.md)
- [Yageo Corporation](https://endata.com/companies/21631.md) (partner)
- [Hon Hai Technology Group](https://endata.com/companies/50180.md) (acquirer)
- [XSemi Corporation](https://endata.com/companies/54916.md) (target)

## Sources

- [foxconn.com](https://www.foxconn.com/en-us/press-center/press-releases/latest-news/1059), 2023-05-31: "After this shift in strategy, Hon Hai and YAGEO will be able to collaborate on small ICs with a clearer direction."
- [yolegroup.com](https://www.yolegroup.com/industry-news/xsemi-carves-out-ic-and-sic-product-lines-to-speed-up-hon-hai-and-yageos-strategic-partnership-on-semiconductor-development-%E2%94%82-foxconn-technology/), 2023-06-05: "XSemi will transfer its IC and SiC product and module business to Hon Hai’s newly set up IC design subsidiary for an all-cash consideration of NT$204 million."

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