Looking Back on 60 Years of "Matsus...
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Looking Back on 60 Years of "Matsushita's Semiconductors" (Final)
The symbol of the first stage of asset reduction is the establishment of a joint venture between the design department and the front-end manufacturing department, and the sale of the back-end manufacturing department. First, I would like to outline the joint venture in the design department.
On February 7, 2013, Panasonic and Fujitsu announced that they had "concluded a basic agreement to consider establishing a system LSI business company as a joint venture." It should be noted that it was "agreed to consider", not an agreement to establish it. The basic agreement for establishment was reached on July 31, 2014, nearly a year and a half after this announcement.
The establishment of the joint venture that reached the basic agreement proceeded as follows. First, Fujitsu will establish a new company. The "new company" will take over the system LSI business of Fujitsu Semiconductor, a subsidiary of Fujitsu, and the system LSI business of Panasonic through an absorption-type company split. In addition, the Development Bank of Japan (DBJ) will invest 20 billion yen to increase capital. The investment ratio (voting rights basis) of the "new company" will be 20% by Panasonic, 40% by Fujitsu, and 40% by DBJ. The new company is scheduled to be established in the fourth quarter of fiscal 2014 (January to March 2015).
On March 1, 2015, the new company "Socionext Inc." started operations (see "Socionext", a system LSI integrated company of Fujitsu and Panasonic). The company designs and sells system LSIs, but does not have a manufacturing department. A fabless semiconductor vendor.
The origins of Socionext Inc. Overview of "Socionext Inc." from the March 2, 2015 release by the Ministry of Economy, Trade and Industry, "Socionext Inc.'s business restructuring plan based on the Act on Strengthening Industrial Competitiveness has been approved." Main bases of "Socionext Inc." from the release announced by the company on March 2, 2015 (at the time of its establishment). From the release announced by the company on March 2, 2015
