Panasonic and Fujitsu join forces in the semiconductor market

Given the deteriorating market conditions and the rise of Asian manufacturers , Fujitsu and Panasonic join forces in the semiconductor business.

In order to face the strong strength of the South Korean Samsung in the semiconductor market, Panasonic y Fujitsu have joined forces in line with the trend of creating joint ventures that is taking place in Japan in order to maintain primacy in this industrial segment in the face of competition from other Asian countries..

Fujitsu and Panasonic announced this Thursday that both companies have signed a memorandum of understanding (MOU) for the consolidation of semiconductor design and development functions.

Backed by capital contributions from third-party investors, Fujitsu and Panasonic will establish a new company under a factoryless business model, enabling LSI design and development functions. At the same time, The two companies have agreed to discuss the transfer of companies to the new company. On the establishment of the new integrated company, The Development Bank of Japan has shown its decision to support the operation with financing.

Given the deteriorating market conditions and the rise of semiconductor manufacturers abroad , Fujitsu and Panasonic have faced a worrying business environment in this market.

In light of this situation, Fujitsu and Panasonic will combine their respective advanced technologies and customer bases to form a globally competitive company. Focusing on LSI Marketing System, design and development under a fabless model, Fujitsu and Panasonic aim for future growth at LSI.

Focus areas will be high performance solutions (high-performance servers and critical technologies such as ultra-high-speed cloud networks), next generation audiovisual solutions and wireless solutions.