Foxconn Subsidiary KYE Announces Trading Halt: What's Next for Taiwan's Tech Giant?

Major Announcement Incoming: Semiconductor Equipment Maker KYE Suspends Trading, Sparking Investor Interest.

The Taiwan Stock Exchange has announced that KYE (3413), a subsidiary of Foxconn (2317), will halt trading of its common stock and related warrants, effective April 23rd. This suspension is due to a significant announcement pending from the company.

Once the details of the major announcement are released, KYE will apply for the resumption of trading.

According to MONEYDJ data, KYE Precision Co., Ltd., formerly known as Jing Ding Energy Technology Co., Ltd., is a subsidiary of the Foxconn Group. Headquartered in the Hsinchu Science Park's Zhunan base, the company also has locations in the United States and mainland China. KYE is primarily involved in the research, development, manufacturing, and sales of semiconductor and automation equipment and system integration. Its semiconductor equipment-related products are utilized in equipment, modules, and critical components for industries such as semiconductors, solar energy, display panels, and healthcare. Its automation equipment products are used in fields like connectors (including Cable and Connector) and semiconductor manufacturing processes. The company plans to actively expand its presence and extend its reach into energy and medical-related equipment. In April 2022, KYE received a private placement investment from Applied Materials, a global leader in semiconductor and display equipment.