AOS: Alpha And Omega Semiconductor Shares Are Surging Today

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) shares rose on Wednesday after the company completed the sale of a minority stake in its Chongqing joint venture, and investors continued to assess its recent quarterly results. AOSL Completes Chongqing Joint Venture Stake Sale Alpha and Omega Semiconductor completed the sale of approximately 20.3% equity interest in its Chongqing, China, power semiconductor joint venture after receiving the final installment of the $150 million purchase price on May 11, 2026. The transaction was originally announced in July 2025 between Alpha & Omega Semiconductor (Shanghai) Ltd. and SIMIC Holdings Co., Ltd. The joint venture operates a power semiconductor packaging, testing, and 12-inch wafer fabrication facility in Chongqing, China. SIMIC Holdings paid the $150 million purchase price in four installments, with the final payment completing the transaction. Third-Quarter Results Beat Expectations Separately, Alpha and Omega Semiconductor reported fiscal third-quarter 2026 results on May 6. The company posted an adjusted loss of 28 ...Full story available on Benzinga.com