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Home > Industry News

Rohm and Toshiba cooperation deepens further, or will be extended to development

Views : 37
Update time : 2023-12-28 10:05:19
        Recently, the president and CEO of Rohm (ROHM), Isao Matsumoto Gong (Isao Matsumoto) said the company hopes to expand its power semiconductor partnership with Toshiba to cover not only production, but also development.
 
 
        According to Matsumoto Miyagi, "We will start with commissioned production and possibly move to the next stage, and we would like to discuss cooperation in engineer exchanges and development in the future." When asked whether such cooperation might lead to business integration in the future, he responded that "no decision has been made." 
        Earlier this year in December, Rohm, Toshiba issued a joint statement that the two sides will cooperate in a huge investment of 388.3 billion yen (about 2.7 billion U.S. dollars) for the joint production of power chips. Matsumoto Gong said that both companies hope that after the smooth start of the joint production of power devices, and then begin to discuss cooperation in the development. 
        Rohm has a big advantage in electric vehicle components, while Toshiba excels in railroad and power applications. In December power device cooperation, Rohm plans to invest most of the 289.2 billion yen for its leading SiC (silicon carbide) wafer production, which plans to build a new factory in Miyazaki Prefecture, southern Kyushu Island. Toshiba, on the other hand, plans to contribute 99.1 billion yen to build a cutting-edge 300mm wafer manufacturing plant in Ishikawa Prefecture, central Japan. In the process, Japan's Ministry of Economy, Trade and Industry will provide up to 129.4 billion yen (about $913 million, equivalent to one-third of the total investment) in subsidies to pay for a portion of the cost of the 388.3 billion yen project. 
        It is reported that on September 21 this year, Toshiba has announced that the private equity fund "Japan Industrial Partners" (JIP) led by the $ 15 billion tender offer has been successful in obtaining the support of more than half of the shareholders, to meet the threshold of the company's privatization, the news marks Toshiba's history of the company's IPO will be brought to a close this year. On December 20, Toshiba will be delisted from the Tokyo Stock Exchange. Rohm, for his part, has decided to invest 300 billion yen to join the team led by private equity firm JIP to take Toshiba private.
 
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