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 AEG AG and Siemens AG said 
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they will launch their previously announced joint venture for power semiconductors in January.
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 The two West German electronics concerns said 
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they have set up European Power Semiconductor Co. 
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to merge their activities in the field.
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 AEG and Siemens each will hold a 50% stake in the venture.
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 The joint venture will have nominal capital of 50 million marks
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 ($26.9 million)
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 and 700 employees.
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 It will develop, produce and market high-performance electronic parts.
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 Siemens is West Germany's largest electronics group.
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 AEG is 80% owned by Daimler-Benz AG, the country's biggest industrial concern.
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