SK Raises Stakes In Local SiC Power Specialist
South Korean SK Inc spends $94.8 million to own 95.81 percent of Yes Power Technix
SK Inc, the holding company of the South Korean SK Group, is acquiring a majority stake in local SiC power semiconductor manufacturer Yes Power Technix.
SK is spending $94.8 million to raise its stake from 33.6 percent to 95.81 percent in order to advance into the EV component business..
Yes Power Technix, founded in 2017, is South Korea's only power semiconductor company specialising in the design and manufacture of SiC power chips widely used in electric vehicles.
SK said it aims to expand the power semiconductor portfolio to other high value-added products such as GaN on SiC power chips used in satcoms and radar devices.