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Foxsemicon acquires 51% stake in FairTech to expand customer base and product portfolio

Monica Chen, Taipei; Jingyue Hsiao, DIGITIMES Asia 0

Credit: DIGITIMES

Foxsemicon Integrated Technology Inc., part of Hon Hai Technologies, announced on April 23 that it has entered an agreement to acquire a 51% stake in FairTech for NT$2.00583 billion (US$61.7 million). The deal is anticipated to close by the second or...

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