Alpha & Omega Semiconductor Ltd. $(AOS)$ announced the sale of approximately 20.3% of its equity interest in its joint venture, CQJV, for $150 million. This transaction involves a power semiconductor packaging, testing, and 12-inch wafer fabrication facility located in Chongqing, China. The sale, expected to close by the end of 2025, represents about half of AOS's holding in CQJV. The cash proceeds will allow AOS to invest in technology, R&D projects, and acquire complementary assets. The transaction will not impact AOS's ongoing business relationship with CQJV.
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