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China's SIMIC snaps up legacy power chip fab in US$1.39 billion bet on AI, EV boom

Staff reporter, Taipei; Levi Li, DIGITIMES Asia 0

Credit: CQAOS

SIMIC Holdings Co., Ltd. has acquired a strategic stake in Chongqing Alpha and Omega Semiconductor Limited (CQAOS) for more than CNY10 billion (US$1.39 billion), in one of China's most notable wafer fab acquisitions to date. The deal highlights SIMIC's...

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