OXIDE Corp. (JP:6521) has released an update.
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OXIDE Corporation is set to transfer its R&D, manufacturing, and sales business for power semiconductor materials to its newly established subsidiary, OXIDE Power Crystal Corporation, via an absorption-type company split effective December 1, 2024. This strategic move aims to enhance management flexibility, expand financing options, and accelerate the commercialization of next-generation SiC wafer technologies, positioning the company to better compete in a market dominated by overseas manufacturers.
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