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© SK Inc Business | April 29, 2022

SK Inc takes control of Yes Power Technix

South Korean conglomerate SK Group has – via its investment company SK Inc. – acquired a majority stake in the domestic SiC power semiconductor design and manufacturing company, Yes Power Technix.

SK Inc says in a press release that it will invest a total of KRW 120 billion in order to secure a 95.8% stake in Yes Power Technix. 

After having invested KRW 26.8 billion in order to secure a 33.6% stake in Yes Power Technics in January last year, SK has supported the development of the competitiveness of the company’s SiC power semiconductor business; including areas such as product development, process upgrades, and customer acquisition.

Moving forward SK Inc. says that it plans to make continuous R&D investment and foster YES Power Technics as a global SiC power semiconductor company by enhancing its technological competitiveness and make further facility investment.

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September 26 2022 11:32 am V20.8.33-2
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