| ||Thread Tools|
|13th June 2012, 06:34||#1|
Join Date: May 2010
Fujitsu wants to restart chip business merger talks
Fujitsu wants to resume talks about a possible merger of its flagging system chip division.
In a bid to keep up with South Korean competition and remain a part of Japan's semiconductor market, the company wants to pick up on talks with Renesas and Panasonic, which have in the past been interested in a partnership.
The talks between the trio had involved combining Fujitsu's system LSI chip into their operations.
However, they came to a halt after Renesas suffered with declining finances as a result of Elipda's bankruptcy in February. Now, Fujitsu wants the company to buck up and begin turning around its business before more talks can take place.
Fujitsu President Masami Yamamoto said the merger would benefit Japan, but it all hinged on whether Renesas could turn its business around.
He was quoted by Reuters as claiming: "We must keep semiconductors, which use cutting edge technology, in Japan or lose the bedrock of manufacturing.
"In order to survive, Japanese businesses must consolidate."
Renesas has been trying to raise more than $1.3 billion (100 billion yen) in fresh capital and plans to cut at least 12,000 jobs, sources have told Reuters.
|Thread||Thread Starter||Forum||Replies||Last Post|
|Fujitsu Intros LIFEBOOK Ultrabook Devices for Consumers and Business Professionals||Stefan Mileschin||WebNews||0||6th June 2012 07:24|
|Fujitsu Exits Hard Disk Drive Heads Business||jmke||WebNews||0||11th May 2009 18:56|
|Could Seagate be preparing a merger?||jmke||WebNews||0||25th March 2009 07:32|
|AMD Introduces ‘AMD Business Class’, Designed With Business in Mind||jmke||WebNews||0||28th April 2008 09:33|
|Fujitsu to pull out of plasma TV business||Shogun||WebNews||0||31st December 2007 04:10|
|AMD and ATI to ask shareholders for merger approval||jmke||WebNews||0||21st July 2006 21:33|
|Intel to restart production of entry-level 865GV chipset in 4Q||Sidney||WebNews||1||10th November 2005 02:04|
|nieuwe systeem altijd maar restart||marcelleke||Hardware/Software Problems, Bugs||17||21st October 2002 20:23|