OKI To Spin-Off Its Semiconductor Business To Establish New Company
Oki Electric Industry Co., Ltd. announced that its Board of Directors has approved the spin-off of its semiconductor business to establish a new company, OKI Semiconductor Co., Ltd., effective Oct. 1, 2008.
"OKI is currently implementing measures to revamp the business structure to ensure stable profit and achieve our mid-term business plan," said Katsumasa Shinozuka, President and CEO at OKI. "We are spinning-off our semiconductor business to conduct a more flexible business operation, to establish an efficient and agile management structure that corresponds to the rapidly changing semiconductor market, and to clarify the profit responsibility as a business."
The new company, OKI Semiconductor, will aim to increase sales with business pillars such as logic LSIs and system LSIs that leverage OKI’s advantages of low power consumption, high-voltage processing, digital/analog mixed processing and small-size packaging technologies. It is stated that the company will inherit OKI’s strengths in system memories as seen in P2ROM and foundry business based on differentiating technologies such as high voltage processing, and it will also offer new products with OKI’s process technologies including Silicon-on-Insulator (SOI) and Wafer-level Chip-size Packaging (W-CSP). As part of the spin-off, all semiconductor-related OKI subsidiaries, such as Miyazaki OKI and Miyagi OKI, will become OKI Semiconductor's subsidiaries.
OKI plans to transfer part of the new company's shares to Rohm Co., Ltd. to aim for a synergy effect by complementing each other with OKI Semiconductor’s technologies.
