Yin, 81, collaborated with American firms such as Applied Products, LAM Study and Intel prior to starting AMEC in 2004.
Alphawave reported a 34% boost in brand-new reservations, amounting to $515.5 million in financial 2024.
AMEC was added to the defense list in January 2024, but it disputes the title.
After the statement, Allegro’s supply dropped greater than 6%, getting to $20.58 in after-hours trading.
The Seoul-based start-up picked to remain independent and concentrate on its development.
The stock previously rose 0.7% at $54.57 before falling to $52.79.
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