Soitec jumps on partnership with Chinese ZenSemi
BUZZ-Soitec jumps on partnership with Chinese ZenSemi ** Shares in Soitec SOIT.PA jump 8% after the French semiconductor materials supplier announced a partnership with Chinese specialty foundry ZenSemi
** Soitec will supply ZenSemi with 300mm Power-SOI substrates for its new BCD-on-SOI process
** Once ZenSemi's platforms move into full-volume production using Soitec's substrates, the company expects to deliver products in China and worldwide for the automotive, artificial intelligence and industrial markets
** Including today's gains, Soitec shares are up 432% year-to-date, buoyed by the AI and optical thematic
(Reporting by Lucie Barbier)
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