Fujitsu, Panasonic to merge system lsi businesses
1 min read
Fujitsu and Panasonic have signed an agreement under which they will consolidate their system lsi businesses to form a fabless company.
Announcing the deal, the two companies acknowledged that bringing their respective operations together will be 'vital to build a competitive business globally'.
The new company will build on the joint 'technological prowess' of Fujitsu and Panasonic, while concentrating on key sectors in order to be a top level.
Amongst these areas of focus are: high performance solutions; visual and imaging solutions, including next generation dtv and image recognition; and wireless solutions, including mobile and extremely low power wireless connectivity.
No timings have yet been announced for the merger, which is receiving financial assistance from the Development Bank of Japan. In its third quarter results, Fujitsu has reported a net loss of ¥79billion ($908million), primarily as a result of restructuring expenses related to the merger.
Meanwhile, Fujitsu says that, as part of the move to a fabless model, it is considering transferring its 300mm fab at Mie to a new foundry company which may involve TSMC.
