BYD spins off semiconductor subsidiary
BYD announced that it plans to spin off its subsidiary BYD semiconductor and list on the Shenzhen Stock Exchange. BYD semiconductor focuses on the production and sales of power semiconductors, intelligent control IC, intelligent sensor and photoelectric semiconductors. In this regard, the company aims to focus mainly on automotive semiconductors to establish itself as a semiconductor supplier in this field. This news was received very positively, as it will eliminate the holding discount.
This briefing is contributed by and first appeared on CIMK.
Source: CIMK
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