April 2, 2007 – Omron Corp. has finalized its acquisition of a 200mm CMOS semiconductor factory in Yasu, Shinga, Japan, from Yasu Semiconductor Corp., a consolidated subsidiary of Seiko Epson., five months after announcing the deal, according to the companies.

The newly named Omron Semiconductors Co. Ltd., encompassing a ~42,000 sq. m site with 130 employees, will begin operations on April 2 focusing on nonvolatile memory and logic ICs, eventually expanding to “original semiconductor elements” and other products, earlier reported to include custom ICs and MEMS devices such as flow and pressure sensors. Sales are targeted at 3 billion yen (US $25.6 million) in fiscal 2007, growing to >5 billion yen ($42.6 million) over the next three years.

Yasu, formed in 2001 as a 50/50 JV with IBM but bought out by Seiko in 2006, posted a profit of 167 million yen (~$1.4 million) on sales of 10 billion yen (~$84 million) in its fiscal year ended in March 2006. Omron reported semiconductor-related sales of ~6.6 billion yen (~$55 million) during the same period.