# EDGAR Filing Document

**Accession Number:** 0001387467
**File Stem:** 0001628280-25-034832
**Filing Date:** 2025-7
**Character Count:** 12797
**Document Hash:** cc551101bee2755bb8f19b3afe957b81
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-25-034832.hdr.sgml**: 20250714

**ACCESSION NUMBER**: 0001628280-25-034832

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20250714

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250714

**DATE AS OF CHANGE**: 20250714

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALPHA & OMEGA SEMICONDUCTOR Ltd
- **CENTRAL INDEX KEY:** 0001387467
- **STANDARD INDUSTRIAL CLASSIFICATION:** SEMICONDUCTORS & RELATED DEVICES [3674]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 000000000
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-34717
- **FILM NUMBER:** 251120210

**BUSINESS ADDRESS:**
- **STREET 1:** 475 OAKMEAD PARKWAY
- **CITY:** SUNNYVALE
- **STATE:** CA
- **ZIP:** 94085
- **BUSINESS PHONE:** 408-830-9742

**MAIL ADDRESS:**
- **STREET 1:** 475 OAKMEAD PARKWAY
- **CITY:** SUNNYVALE
- **STATE:** CA
- **ZIP:** 94085

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALPHA & OMEGA SEMICONDUCTOR LTD
- **DATE OF NAME CHANGE:** 20070123

?xml version='1.0' encoding='ASCII'? aosl-20250714

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

_________________________________

**FORM 8-K** 

**_________________________________**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the**

**Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): July 14, 2025**

**_________________________________**

**Alpha and Omega Semiconductor Limited** 

**(Exact name of registrant as specified in its charter)**

---

| | | |
|:---|:---|:---|
| **Bermuda** | **001-34717** | **77-0553536** |
| **(State or other jurisdiction) of incorporation** | **(Commission File Number))** | **(I.R.S. Employer Identification No.)** |

---

**Clarendon House** 

**2 Church Street** 

**Hamilton HM 11** 

**Bermuda** 

**(Address of principal registered offices)**

**(408) 830-9742** 

**(Registrant's telephone number, including area code)**

**N/A**

**(Former name or former address, if changed since last report)**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| **Common Shares** | **AOSL** | **The NASDAQ Global Select Market** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 1.01 Entry into a Material Definitive Agreement.**

On July 14, 2025, Alpha & Omega Semiconductor Limited ("AOS Bermuda") and its subsidiary, Alpha & Omega Semiconductor (Shanghai) Ltd. ("AOS Shanghai" and collectively, the "Company") entered into an equity transfer agreement (the "Agreement") with certain strategic investor (the "Investor") to sell approximately 20.3% of outstanding equity interest of the Company's joint venture of power semiconductor packaging, testing and 12-inch wafer fabrication facility located in Chongqing, China ("CQJV"). Pursuant to the equity transfer agreement, the investor agrees to pay the Company an aggregate cash consideration of USD $150 million (the "Purchase Price"). Under the Agreement, the Purchase Price will be paid in four installments as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Approximately USD $94 million within ten (10) business days of satisfaction of certain conditions relating to AOS Shanghai, including but are not limited to, stockholder approval of CQJV; execution of shareholder agreements by stockholders of CQJV and completion of certain corporate formalities by the Investor and the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Approximately USD $11 million within ten (10) business days of satisfaction of certain additional conditions relating to AOS Bermuda, including but are not limited to, completion of share transfer registration with government for the Investor; completion of foreign investment registration and exchange control approval;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• USD $30 million within ten (10) business days of satisfaction of certain additional conditions relating to AOS Bermuda, including, but are not limited to, approval by shareholders of CQJV for the exit of minority shareholders of CQJV as provided in the Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• USD $15 million within ten (10) business days of satisfaction of certain additional conditions relating to AOS Bermuda, including, but are not limited to, completion of equity transfer registration with the appropriate government authority for the exit of minority shareholders and approval by shareholders of CQJV for an initial capital injection in CQJV by the Investor.

The Agreement contains customary representations, warranties, covenants and condition precedent to its effectiveness. The Agreement also includes customary termination provisions, including termination by mutual agreement, material breach by a party, and by government order. The Agreement may also be terminated by any no-fault party if all four installments are not completed within 270 days of the execution date of the Agreement.

The Company expects to receive all four installment payments and close the transaction prior to the end of 2025.

The above disclosure is a summary and qualified in its entirety by the Agreement, a copy of which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the fiscal quarter ending September 30, 2025.

**Item 7.01 Regulation FD Disclosure.**

On July 14, 2025, the Company issued a press release announcing the entry into the Agreement. A copy of the press release is furnished as Exhibit 99.1 to this Report and is incorporated by reference into this Item 7.01.

**Item 9.01 Financial Statements and Exhibits.**

(d) Exhibits.

99.1 [Press Release, dated July 14, 2025](exhibit991pressreleaseaosa.htm) <br> 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within Inline XBRL document

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**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: July 14, 2025

---

| | |
|:---|:---|
| **Alpha and Omega Semiconductor Limited** | **Alpha and Omega Semiconductor Limited** |
| By: | /s/&nbsp;&nbsp;&nbsp;&nbsp;Yifan Liang |
| Name: | Yifan Liang |
| Title: | Chief Financial Officer and Corporate Secretary |

---

## Exhibit 99.1

**Exhibit 99.1**

**AOS Announced $150 Million Sale of a Portion** 

**of its Equity Interest in CQJV**

***SUNNYVALE, California, July 14, 2025*** - Alpha and Omega Semiconductor Limited ("AOS") (NASDAQ: AOSL) announced today that it has entered into an equity transfer agreement with a strategic investor to sell approximately 20.3% of outstanding equity interest of AOS's joint venture of power semiconductor packaging, testing and 12-inch wafer fabrication facility located in Chongqing, China ("CQJV"). Pursuant to the equity transfer agreement, the investor agrees to pay AOS an aggregate cash consideration of $150 million for such equity interest, which will be paid in four installments, subject to satisfactions of certain conditions. AOS expects to close the proposed sale prior to the end of 2025. Prior to this sale, AOS owned approximately 39.2% of CQJV and the proposed sale represents approximately half of AOS's holding. Based on the valuation of this sale, on a GAAP basis, AOS expects to recognize an impairment charge on the equity investment in CQJV for the quarter ended June 30, 2025, and expects to proforma out such impairment charge on a non-GAAP basis.

The sale will provide additional and significant capital for AOS to continue investment in technology, R&D projects and acquisition of assets complimentary to our business operations, which will facilitate and accelerate our efforts to develop and distribute innovative and diverse power semiconductor products to customers worldwide. Importantly, the sale does not impact our ongoing business relationship with CQJV, and we will continue to enjoy access to CQJV's wafer manufacturing and assembly and test capacity provided under existing agreements, as well as protection for our proprietary technology and intellectual property.

"Our longstanding partnership with CQJV remains strong and continues to play an important role in our supply chain. Today's sale is consistent with the monetization path we outlined years ago and demonstrates our commitment to the ongoing value creation for our shareholders. By realizing a portion of the value we have built with CQJV, we can reinvest in the people, tools, and intellectual property that expand our product portfolio, while preserving the supply partnership that underpins our growth strategy." said Mr. Stephen Chang, Chief Executive Officer of AOS.

Needham & Company acted as the exclusive financial advisor to AOS in the transaction. ROTH Capital Partners provided a fairness opinion to the Special Committee of the Board of Directors of AOS.

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**Forward-Looking Statements** 

This press release contains forward-looking statements that are based on current expectations, estimates, forecasts and projections of future performance based on management's judgment, beliefs, current trends, and anticipated product performance. These forward-looking statements include, without limitation, statements regarding sale of equity interest in the CQJV transaction, closing of equity transfer agreement, timing of installment payments, use of proceed from sale of equity interest and anticipated impairment charge. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking statements. These factors include, but are not limited to, the state of semiconductor industry and seasonality of our markets; decline of PC markets; our lack of control over the joint venture in China; difficulties and challenges in executing our diversification strategy into different market segments; ordering pattern from distributors and seasonality; changes in regulatory environment, including tariff and trade policies; our ability to introduce or develop new and enhanced products that achieve market acceptance; government policies on our business operations in China; the actual product performance in volume production; the quality and reliability of our product, our ability to achieve design wins; the general business and economic conditions; our ability to maintain factory utilization at a desirable level; and other risks as described in our SEC filings, including our Annual Report on Form 10-K for the fiscal year ended June 30, 2024 filed by AOS with the SEC and other periodic reports we filed with the SEC. Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and AOS undertakes no duty to update such information, except as required under applicable law.

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