(December 29, 2003) Tokyo, Japan—Fujitsu Ltd.
and Sumitomo Electric Industries, Ltd. recently announced that they have reached a basic agreement to create a joint venture that will consolidate the operations of Fujitsu Quantum Devices Ltd., a wholly owned subsidiary of Fujitsu that is focused on the development, manufacture and sales of compound semiconductors, with the electronic devices business of Sumitomo Electric’s compound semiconductor operations. Fujitsu and Sumitomo Electric will each have an equal equity ownership in the joint venture.
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