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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)

((lucie.barbier@thomsonreuters.com))

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