Japan joint foundry plans unveiled

January 18, 2006 – Hitachi Ltd., Toshiba Corp., and Renesas Technology Corp. have officially set up a planning company to determine the feasibility of a joint semiconductor foundry for producing system LSI products based on 65nm and below process technologies.

Advanced Process Semiconductor Foundry Planning Co. Ltd., established with ¥100 million funding (about $860,000) with plans to add another ¥100 million in March, will be led by Hirokazu Hashimoto, former VP of NEC Electronics Corp. Hitachi is the lead owner with 50.1% share, followed by Toshiba (33.4%) and Renesas (16.5%).

The three companies are expected to finish their feasibility evaluation within six months, at which point they will determine whether to go forward with the joint foundry, which could cost more than ¥300 billion (US $2.6 billion).

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