Fujitsu, Sumitomo form JV

December 26, 2003 – Fujitsu Ltd. and Sumitomo Electric Industries Ltd. plan to create a 50-50 joint venture for development of compound semiconductor devices. The as-yet-unnamed company will combine Fujitsu’s compound semiconductor unit, Quantum Devices Ltd., with Sumitomo’s electronic devices operations. The companies expect the business to deliver sales of 30 billion yen ($280.3 million) in its first year.


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