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American International Group has purchased a 3 percent stake in Taiwan resistor and capacitor maker Yageo Corp. ÌìÃÀÍøÕ¾´«Ã½´«Ã½ reportedly bought 32.3 million shares for $50 million. Yageo was reported by Reuters news service as saying ÌìÃÀÍøÕ¾´«Ã½´«Ã½ expects Yageo’s recent 650 million euro purchase of Philips Electronics passive components business to improve competitiveness.

Reuters also reported that ÌìÃÀÍøÕ¾´«Ã½´«Ã½’s investment team expects the Taiwan firm’s profits to maintain a 35-50 percent growth rate even in the event of a downturn in the passive components business in the next two years, Yageo said in a statement. The purchase would make ÌìÃÀÍøÕ¾´«Ã½´«Ã½ the biggest foreign investor in Yageo, according to the statement.

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