May 1, 2012 — Fujitsu Semiconductor will transfer ownership of its Iwate Plant, a semiconductor wafer fab in Iwate, Japan producing system LSI, microcontrollers, etc., to DENSO.
The transition of ownership — which consists of the 290,000m2 of land, 116,000m2 building and its front-end wafer fab equipment, and about 530 employees — will be completed on October 1, 2012, when it will become a wholly owned subsidiary of DENSO.
DENSO decided to acquire an additional semiconductor production facility, supplementing its 2 existing fabs, to support advancements in automotive fuel efficiency and emissions technologies, and a greater need for advanced safety systems in automotives. Both of DENSO’s wafer fabs are located in Aichi, Japan.
Fujitsu Semiconductor is pursuing a fab-lite business model, first announced in 2009. Selling the Iwate wafer fab will help Fujitsu Semiconductor optimize manufacturing resources without disrupting product supply to customers. Products currently made at the Iwate Plant will be produced in DENSO’s new subsidiary as well as DENSO’s diversified, high-quality semiconductors, and will continue to be supplied to customers through Fujitsu Semiconductor.
DENSO Corporation is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electric, electronics and information and safety. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com.
Fujitsu Semiconductor Limited designs, manufactures, and sells semiconductors, including microcontrollers, ASICs, ASSPs, and power management ICs. Headquartered in Yokohama, Fujitsu Semiconductor Limited (formerly named Fujitsu Microelectronics Limited) is a subsidiary of Fujitsu Limited. For more information, see http://jp.fujitsu.com/fsl/en/.