# Foxconn and Yageo restructure XSEMI joint venture

Foxconn and Yageo announced a strategic semiconductor collaboration. XSEMI, their joint IC design company, will transfer its IC and SiC component/module business to a new Foxconn subsidiary for NTD 204 million. Yageo will hold 55% of XSEMI and Foxconn 45%.

- Type: Acquisition
- Announced: 2024-05-16
- Where: TWN
- Value: $6.30M (204.0M TWD)
- Status: announced
- Products: power management ICs, MOSFETs, SiC power modules
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Foxconn](https://endata.com/companies/15170.md)
- [Yageo Corporation](https://endata.com/companies/21631.md) (partner)
- [XSemi Corporation](https://endata.com/companies/54916.md) (target)

## Sources

- [exportsemi.com](https://www.exportsemi.com/company-post/yageo-acquires-schneider-electric-sensor-division-for-53-billion/), 2024-05-16: "FOXCONN will focus on automotive IC and solutions, while YAGEO will focus on developing MOSFET products."

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