Mint signs MoU with Ascendze for potential majority stake in Singapore semiconductor, robotics push

• Mint signed a non-binding MoU with Singapore-based Ascendze to pursue a controlling or majority stake, using Ascendze as its Singapore expansion platform.
• Partnership targets semiconductor manufacturing technology, robotics-driven automation, related R&D, commercialization.
• Parties aim to sign definitive agreements within 90 days, subject to due diligence, approvals, regulatory clearances.
• Mint also plans separate capital investment to fund Ascendze’s Singapore expansion, contingent on definitive agreements.

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