According to reports, Powerchip Investments will hold an extraordinary shareholders meeting on November 25 to elect all new board and supervisory members amid an escalating corporate control battle. Management is offering NTD 1,088 burger vouchers to secure shareholder support, while activist investors, led by semiconductor veteran Lin Wei-cheng, are raising NTD 13.6 billion to acquire over 20% of shares. The struggle centers on control of Powerchip Semiconductor, in which Powerchip Investments holds a 17.55% stake, making it the foundry's largest single shareholder.
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