OXIDE Corp. (JP:6521) has released an update.
OXIDE Corporation has announced the creation of a wholly-owned subsidiary, OXIDE Power Crystal Corporation, to focus on next-generation power semiconductor materials, including SiC wafers, aiming to capture market opportunities and enhance its competitive edge in the industry. The subsidiary will facilitate more agile management and foster a manufacturing value chain, with the business transfer to occur through an absorption-type company split. The establishment of OXIDE Power Crystal Corporation is not expected to significantly impact OXIDE’s consolidated financial results.
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