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Xingye Technology: Strategic Move to Acquire Indium Phosphide Substrate Business for 55 Million Yuan
11 hour ago /
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Author：小编
On June 21, Xingye Technology revealed that it has entered into a framework agreement with Qingdao Leon Crystal Semiconductor Technology Co., Ltd. The deal entails the acquisition of assets associated with the latter's indium phosphide substrate and semiconductor electronic materials operations, at a cash consideration of 55 million yuan. This encompasses the entirety of assets, business teams, and intellectual property rights. It's important to note that this acquisition is currently in the form of an intent agreement and is subject to the approval of the board of directors. Consequently, it is not anticipated to exert a significant influence on the company's immediate financial performance.
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