A new fables company is formed by Japanese leading electronics companies Fujitsu Semiconductor, Panasonic, and also another investor Development Bank of Japan Inc. (DBJ).
The new CEO for the company is Mr. Yasuo Nishiguchi.
Fujitsu Semiconductor also announced its manufacturing facilities in Mie and Aizu-Wakamatsu, Japan to operate as new independent companies by the end of 2014. The new Aizu foundry company will consist of a 150mm fab company and 200mm fab company.
ON Semiconductor is taking a 10% ownership interest in the new Aizu foundry company's 200mm fab company.