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    2327   TW0002327004

YAGEO CORPORATION

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Foxconn Partners With Electronics Maker Yageo to Deepen Semiconductor Push

05/05/2021 | 05:46am EDT

By Yifan Wang

Foxconn Technology Group is partnering up with Taiwanese electronics maker Yageo Corp. to form a chipmaking joint venture, as the Apple supplier deepens its push into the booming semiconductor industry.

The planned joint venture, XSemi Corp., will carry out semiconductor development and sales, with a focus on chips of average selling prices lower than $2.00, the two companies said Wednesday.

The two companies have started discussions with several global semiconductor companies about potential collaboration with XSemi, they said.

The move by Foxconn, also known as Hon Hai Precision Industry, came after a host of Taiwan chipmakers released upbeat earnings growth in the latest quarter thanks to soaring semiconductor prices. The price hike has been driven by a global chip supply shortage amid sharply higher demand from a wide range of industries, including the automotive and smartphone sectors.

"The semiconductor industry is facing the biggest upheaval in the past three decades, and the industry order will face a serious restructuring," said Foxconn Chairman Young Liu.

"Now is undoubtedly the best timing" for Foxconn to expand into the market, he said.

The world's largest iPhone assembler has been increasingly making inroads into the chipmaking industry as a strategy to drive up profitability. Last month, Foxconn said it was in discussions to acquire a chipmaking plant from Macronix International Co., a Taiwanese semiconductor company known for its memory chips.

Write to Yifan Wang at yifan.wang@wsj.com

(END) Dow Jones Newswires

05-05-21 0545ET

Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. -2.14% 142.94 Delayed Quote.7.72%
DJ INDUSTRIAL -1.78% 33970.47 Delayed Quote.13.00%
FOXCONN TECHNOLOGY CO., LTD. 3.26% 66.5 End-of-day quote.24.53%
GIANT MANUFACTURING CO., LTD. -0.75% 332.5 End-of-day quote.20.91%
HON HAI PRECISION INDUSTRY CO., LTD. 0.93% 108.5 End-of-day quote.17.93%
MACRONIX INTERNATIONAL CO., LTD. -2.75% 37.15 End-of-day quote.-12.17%
MSCI TAIWAN (STRD) 0.00% 707.459 Real-time Quote.17.73%
YAGEO CORPORATION 1.95% 470.5 End-of-day quote.-9.17%
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Financials
Sales 2021 108 B 3 878 M 3 878 M
Net income 2021 23 295 M 837 M 837 M
Net Debt 2021 42 625 M 1 532 M 1 532 M
P/E ratio 2021 10,0x
Yield 2021 4,39%
Capitalization 231 B 8 313 M 8 316 M
EV / Sales 2021 2,54x
EV / Sales 2022 2,25x
Nbr of Employees 30 000
Free-Float 74,0%
Chart YAGEO CORPORATION
Duration : Period :
Yageo Corporation Technical Analysis Chart | 2327 | TW0002327004 | MarketScreener
Technical analysis trends YAGEO CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 470,50 TWD
Average target price 706,83 TWD
Spread / Average Target 50,2%
EPS Revisions
Managers and Directors
Tai-Min Chen Chairman & General Manager
Wen Hsiang Yang Deputy Spokesman, Head-Finance & Accounting
Tan Ju Wang Chief Operating Officer
Hung Shou Chen Independent Director
Chen Ling Li Independent Director