Before the deteriorating market conditions and the rise of Asian manufacturers, Fujitsu and Panasonic join forces in the semiconductor business.
In order to cope with the strong rise of the South Korean Samsung in the semiconductor market, Panasonic and Fujitsu they have joined forces in line with the trend of creating joint ventures taking place in Japan in order to retain primacy in this industrial segment against the competition from other Asian countries.
Fujitsu and Panasonic have announced this Thursday that both companies have signed a memorandum of understanding (MOU) for the consolidation of the functions of design and development of semiconductors.
Backed by third party investors capital contributions, Fujitsu and Panasonic will establish a new company under a business without factory model, allowing the LSI design and development features. At the same time, the two companies have agreed to discuss the transfer of companies to the new company. In the establishment of the new integrated company, the Development Bank of Japan has shown its decision to support the operation with funding.
Before the deteriorating market conditions and the rise of foreign semiconductor makers, Fujitsu and Panasonic have faced a worrisome business environment in this market.
In light of this situation, Fujitsu and Panasonic join their advanced technologies and customer bases to form a globally competitive company. Focusing on the system LSI marketing, design and development under a fabless model, Fujitsu and Panasonic aim to achieve further growth in LSI.
Areas of focus will be high-performance solutions (high-performance servers and core technologies such as ultra high-speed networks, cloud), audiovisual solutions and next-generation wireless solutions.
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