Omron to buy Seiko Epson subsidiary’s semi assets

Oct. 30, 2006 — OMRON Corp., a developer of automation, sensing and control technologies, announced that it has reached a preliminary agreement to acquire the semiconductor business assets of Seiko Epson’s consolidated subsidiary, Yasu Semiconductor Corp.

OMRON develops, manufactures, and markets custom ICs that offer functionality and cost-performance not found in general-purpose semiconductors, as well as MEMS products such as flow sensors and pressure sensors.

The acquisition of the assets is aimed at further reinforcing these operations, while strengthening the OMRON’s line of semiconductor-equipped products.

The parties will now enter into detailed discussions, aiming to conclude the final contract and complete the acquisition by March 2007.

POST A COMMENT

Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.