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Torex Semiconductor Ltd. ( (JP:6616) ) has shared an update.
Torex Semiconductor Ltd. has decided to transfer 95% of its equity interest in Torex Vietnam Semiconductor Co., Ltd. to Panjit International Inc. This strategic move aims to concentrate Torex’s resources on its core competencies in wafer design and manufacturing while leveraging Panjit’s strengths in semiconductor manufacturing. The transfer is expected to create synergies between the two companies, enhancing Torex’s competitiveness in the advancing semiconductor packaging technology sector.
The most recent analyst rating on (JP:6616) stock is a Hold with a Yen1510.00 price target. To see the full list of analyst forecasts on Torex Semiconductor Ltd. stock, see the JP:6616 Stock Forecast page.
More about Torex Semiconductor Ltd.
Torex Semiconductor Ltd. operates in the semiconductor industry, focusing on wafer design and manufacturing processes. The company is a fabless manufacturer, emphasizing analog semiconductor technology and leveraging partnerships to enhance its manufacturing capabilities.
Average Trading Volume: 23,319
Technical Sentiment Signal: Hold
Current Market Cap: Yen16.79B
For detailed information about 6616 stock, go to TipRanks’ Stock Analysis page.