Reported 8 months ago
After Taigu held an early board of directors election, Yageo withdrew from the ownership, and a new team with a semiconductor industry background took over. The new manager, Huang Guojie, replaced Yageo's chairman Ye Yinfu. Taigu, known for its gallium nitride light-emitting diode chip and granule factory, faced financial struggles but has shown signs of improvement in recent years. The company's stock price surged, reaching a 164.86% increase in 2024. The new board members come from various industrial backgrounds, adding potential to Taigu's future operations, especially with their focus on semiconductor materials and equipment. Yageo's decision to divest its remaining Taigu shares was based on the alignment of required materials between the two companies, indicating a strategic move in anticipation of the new team's leadership. Taigu's continuous evolution under different industry backgrounds opens up possibilities for its future path of operations.
Source: YAHOO