Mitsubishi Electric Corporation [6503.T]
TOKYO, Mar 27 (Pulse News Wire) – Mitsubishi Electric Corporation (6503.T) announced today that it has signed a basic agreement with Rohm Co., Ltd., Toshiba Corporation, and JIP Holdings to initiate discussions on integrating their power device businesses and semiconductor operations. The move follows ongoing talks between Rohm, Toshiba, and JIP since March 29, 2024, which now includes Mitsubishi Electric.
This integration aims to create a competitive global scale and technological foundation, contributing significantly to the development of various customer segments and industrial fields in Japan's semiconductor industry. Discussions are currently in early stages, and further developments will be disclosed promptly. The impact on Mitsubishi Electric’s fiscal year 2026 consolidated performance will also be communicated as necessary. Final contract signing is contingent upon obtaining necessary regulatory approvals.
Rohm, established on September 17, 1958, has a capital of 148.9 billion yen and is headquartered in Kyoto. Major shareholders include State Street Bank and Trust Company with a holding ratio of 15.0%, followed by Nippon Life Insurance Company with 14.9%. Toshiba Device & Storage, founded on July 1, 2017, has a capital of 148.9 billion yen and is wholly owned by Toshiba Corporation. The company operates semiconductor and storage products businesses.
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