OKI
Data Corporation and Renesas
Technology Corp. today announced the conclusion of a basic agreement
under which OKI
Digital Imaging Corporation (ODI) will acquire the land, buildings,
and utilities of the former semiconductor front-end process line
(Takasaki, Gunma Prefecture) of the Gunma Development Design and Device
Division of Renesas Eastern Japan Semiconductor, Inc.
OKI
Data’s medium-term business plan adopted in FY2008 calls for a
doubling of the current level of LED
printer sales by FY2011, and to accomplish this, the company must
increase the scale of its LED production operations. ODI
is an OKI Data subsidiary that develops and manufactures
print heads for LED printers. Development and LED front-end process
production work currently take place at ODI’s Hachioji facility. These
operations will be transferred to the new facility acquired from
Renesas, which will go on-line in its new capacity in April, 2010.
The clean room at the new facility covers approximately twice the area
of the clean room presently in use and is built to a high-level degree
of cleanliness. Boosting production line efficiency, it is expected that
production capacity will be increased fourfold. This provides additional
room for expanding production in response to future business growth. The
new plant is also situated near OKI Data’s Takasaki facility, where
printer development work takes place. The anticipated shortening in
product development time due to this close proximity was a key factor in
the decision to make the acquisition.
Renesas
is now working to optimize its production structure. As part of this
process, the former semiconductor front-end process line of the Gunma
Development Design and Device Division of Renesas Eastern Japan
Semiconductor was closed in October 2007, due to its limited production
capacity. The semiconductor manufacturing equipment had already been
removed from the plant, and plans were underway to revitalize it as a
clean room facility by transferring it to a new owner. The present
transfer was decided upon after a suitable offer was made by OKI
Data. Renesas will continue to move steadily toward the completion
of currently planned measures on its production structure, with the aim
of further boosting production efficiency.
OKI
Data and Renesas
plan to complete the transfer procedure by November 30, 2009.
Overview of the property for transfer
Name:
the former semiconductor front-end process line of the Gunma
Development Design and Device Division of Renesas Eastern Japan
Semiconductor, Inc.
Address:
1-1 Nishiyokote-machi, Takasaki, Gunma Prefecture, Japan
Transferred property:
Building; 9,043 m2 (Renesas’ property including clean
room floor of 2,760 m2), land; 3,521 m2 (Renesas’
property), utilities (Renesas Eastern Japan Semiconductor’s
property)
OKI Printing Solutions is a brand name of OKI Data Corporation.
OKI Data Corporation is known as OKI Data for short.
Other company names or product names mentioned are trademarks or
registered trademarks of their respective owners.
Additional Information for Reference
<Overview of OKI Data Corporation> Company
name: Oki Data Corporation Address:
4-11-22 Shibaura, Minato-ku, Tokyo Representative:
Harushige Sugimoto, President and CEO Established:
1994 Paid-in capital: ¥17.0
billion Stockholders: Wholly
owned subsidiary of Oki Electric Industry Co., Ltd. Employees:
5,447 (consolidated) FY2008
sales: ¥161.6 billion (consolidated) Business
activities: Printer and copier businesses across 120 countries
worldwide
<Overview of OKI Digital Imaging> Company
name: Oki Digital Imaging Corporation Address:
550-1 Higashiasakawa-machi, Hachioji, Tokyo Representative:
Hiroshi Kikuchi, President Established:
1999 Paid-in capital: ¥100
million Stockholders: Wholly
owned subsidiary of Oki Data Corporation Employees:
98 Business activities:
Development, manufacture, and sale of LED chips, LED units, and LED
heads, which are core components of printers and fax machines
<Overview of Renesas Technology> Company
name: Renesas Technology Corp. Address:
Nippon Bldg., 2-6-2, Ote-machi, Chiyoda-ku, Tokyo Representative:
Katsuhiro Tsukamoto, Chairman Established:
2003 Paid-in capital: ¥77.0
billion Stockholders:
Hitachi, Ltd. 55%, Mitsubishi Electric Corporation 45% Employees:
25,000 (consolidated) FY2008 sales:
¥702.7 billion (consolidated) Business
activities: Development, manufacture, and sale of semiconductor
devices
<Overview of Renesas Eastern Japan Semiconductor> Company
name: Renesas Eastern Japan Semiconductor, Inc. Address:
6-5-1 Nishishinjuku, Shinjuku-ku, Tokyo Representative:
Yukio Murayama, President Established:
2002 Paid-in capital: ¥2.06
billion Stockholders: Wholly
owned subsidiary of Renesas Technology Corp. Employees:
2,400 (consolidated) Business
activities: Development, manufacture, and sale of semiconductor
devices; manufacture and sale of semiconductor manufacturing equipment
About OKI Data Corporation
OKI Data Corporation, which markets its products under the OKI Printing
Solutions brand, specializes in designing, developing, manufacturing and
marketing business printing solutions which empower organizations to
communicate more effectively. As a market leader in the global color
printer market, OKI Printing Solutions has representation in 120
countries worldwide offering innovative and leading edge products and
services. Its annual turnover for FY07 is 187.9 billion yen and sales
are divided between 54% EMEA, 22% Americas, 18% Asia and Oceania and 6%
Others. OKI Printing Solutions is the brand name of OKI Data
Corporation, a subsidiary of Tokyo-based Oki Electric Industry Co. Ltd.,
established in 1881 and Japan’s first telecommunications manufacturer.
For more information, please visit http://www.okiprintingsolutions.com
About Renesas Technology Corp.
Renesas Technology Corp. is the world's No.1 supplier of
microcontrollers and one of the world's leading semiconductor system
solutions providers for mobile, automotive and PC/AV (Audio Visual)
markets. It is also a leading provider of Power MOSFETs, Smart Card
microcontrollers, RF-ICs, High Power Amplifiers, Mixed Signal ICs,
System-on-Chip (SoC), System-in-Package (SiP) and more. Established in
2003 as a joint venture between Hitachi, Ltd. (TOKYO:6501) (NYSE:HIT)
and Mitsubishi Electric Corporation (TOKYO:6503), Renesas Technology
achieved consolidated revenue of 702.7 billion JPY in FY2008 (end of
March 2009). Renesas Technology is based in Tokyo, Japan and has a
global network of manufacturing, design and sales operations in 16
countries with 25,000 employees worldwide. For further information,
please visit http://www.renesas.com
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