OXIDE Corp. (JP:6521) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
OXIDE Corporation is set to transfer its R&D, manufacturing, and sales business for power semiconductor materials to its newly established subsidiary, OXIDE Power Crystal Corporation, via an absorption-type company split effective December 1, 2024. This strategic move aims to enhance management flexibility, expand financing options, and accelerate the commercialization of next-generation SiC wafer technologies, positioning the company to better compete in a market dominated by overseas manufacturers.
For further insights into JP:6521 stock, check out TipRanks’ Stock Analysis page.