{"id":800406,"date":"2023-08-09T11:36:18","date_gmt":"2023-08-09T11:36:18","guid":{"rendered":"https:\/\/telecomlive.in\/web\/2023\/08\/09\/elmos-semiconductor-gets-german-ministry-approval-for-plant-sale\/"},"modified":"2023-08-09T11:36:18","modified_gmt":"2023-08-09T11:36:18","slug":"elmos-semiconductor-gets-german-ministry-approval-for-plant-sale","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2023\/08\/09\/elmos-semiconductor-gets-german-ministry-approval-for-plant-sale\/","title":{"rendered":"Elmos Semiconductor gets German ministry approval for plant sale"},"content":{"rendered":"<p>Elmos Semiconductor has gained approval from the German economy ministry for the sale of its wafer plant in Dortmund to U.S. manufacturing firm Littlefuse, the German company said in a statement on Tuesday.<\/p>\n<p>This follows approval from Germany&#8217;s competition regulator for the sale, which the two sides agreed to in late June at a net purchase price of 93 million euros ($102.23 million).<\/p>\n<p>The buyer will make a payment to Elmos of around 37 million euros, the statement said, adding that the remainder would be due at the closing of the transaction, expected Dec. 31, 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elmos Semiconductor has gained approval from the German economy ministry for the sale of its wafer plant in Dortmund to U.S. manufacturing firm Littlefuse, the German company said in a statement on Tuesday. This follows approval from Germany&#8217;s competition regulator for the sale, which the two sides agreed to in late June at a net purchase price of 93 million euros ($102.23 million). The buyer will make a payment to Elmos of around 37 million euros, the statement said, adding that the remainder would be due at the closing of the transaction, expected Dec. 31, 2024.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-800406","post","type-post","status-publish","format-standard","hentry","category-it-2"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/800406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=800406"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/800406\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=800406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=800406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=800406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}