Yokohama, JAPAN - Mar. 29, 2023 – ABLIC Inc. (President: Nobumasa Ishiai, head office: Minato-ku, Tokyo, the “Company”), a group company of MinebeaMitsumi Inc.( “MinebeaMitsumi”), has decided, by a resolution of its Board of Directors in MinebeaMitsumi on March 29, 2023, to acquire the shares of Samurai Semiconductor Corporation (President: Shigeru Fujii, head office: Yokohama-city, Kanagawa, “SSC”) (the “Acquisition of Shares”), as a result of which SSC will be a subsidiary of the Company, and that Company entered into a share transfer agreement (the “Share Transfer Agreement”) with SSC. on March 29, 2023, as detailed below.
The Company started analogue semiconductor business based on the development of CMOS ICs for the world’s first practical quartz watches in 1968. Since then, the Company has been continuing to provide small, low-power consumption, and high-precision analog semiconductor products, not only for watches, but also for a wide range of consumer, mobile, automotive devices, and healthcare equipment.
The Company joined as one of the MinebeaMitsumi in April 2020, and strives to lead continuous growth of analogue semiconductor business, which is one of MinebeaMitsumi’s core business called “Eight Spears”, and especially concentrates on strengthening product development capabilities to support the Company’s growth scenario, in other words, strengthening the development capabilities of high value-added products for medical equipment and electronic vehicles of which markets are expected to expand.
On the other hand, SSC is a technical experts’ entity with advanced knowledge and cutting-edge of engineering skills as their strength and has varieties of field-proven experience in semiconductor technical field, such as producing outcomes in many development projects in digital/analogue, frontend/backend fields.
In the process where the Company promotes further improvement of its development capabilities for high value-added products, SSC, MinebeaMitsumi and the Company repeated discussions and consideration mutually and resulted in that collaborating with SSC within MinebeaMitsumi’s group will be beneficial for both parties.
Through INTEGRATION by SSC’s and the Company’s engineers knowledgeable in semiconductor design and development knowhow, the Company will enhance product development and market investigation, and build robust roadmap for sustainable business growth of not only analogue semiconductor business but also MinebeaMitsumi, thereby the Company will contribute to development of our customer and the society.
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