Yageo and Foxconn to Form XSemi.

Yageo, a manufacturer of resistors and related equipment, and Foxconn, a contract maker of electronics, are set to Form XSemi, a firm engaged in semiconductor industry. Financial terms were not disclosed. With the creation of XSemi, Yageo will further expand its footprints in passive components into semiconductors, offering an even more complete component portfolio, opening more room for growth in the future. “Yageo aims to create a one-stop shop for its customers, and through this joint venture, we will further provide the services and products that meet customers’ need for supply chain optimization," Pierre Chen, Yageo Chairman.