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XSemi, the joint venture between Foxconn and Yageo, invested NTD 2.89 billion (EUR 91.6 million) in Advanced Power Electronics Corp. (APEC) via private placement, becoming the largest shareholder with 30.08% stake.
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).