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Fujitsu and Panasonic to Consolidate System LSI Businesses in New Company

February 21, 2013 08:01 AM EST By: Jennifer Rocha

Two companies have signed a memorandum of understanding (MOU) this month.

Story content courtesy of Fujitsu, JP

With the backing of capital contributions from third-party investors, Fujitsu and Panasonic will establish a new company under a fabless business model, enabling LSI design and development functions. At the same time, the two companies have agreed to discuss the transfer of business to the new company.

Fujitsu and Panasonic have both come to acknowledge that bringing together their respective advanced technologies and customer bases is vital to build a competitive business globally. Focusing on system LSI marketing, design and
development under a fabless model, Fujitsu and Panasonic aim to achieve future growth in system LSI businesses.

With the new integrated company, Fujitsu and Panasonic plan to combine the technological prowess that they have long accumulated, while concentrating new investments on key fields to be a global top-level LSI company.

 

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