Socionext is the combined semiconductor biz of Fujitsu and Panasonic

Socionext Inc., the newly formed system on chip company today announced the start of operations. The organization has completed the consolidation of the system LSI businesses of Fujitsu Limited and Panasonic Corporation, and secured an investment from the Development Bank of Japan Inc. Assuming approval at the stockholder meeting scheduled for this afternoon, Chairman and CEO Yasuo Nishiguchi, President & COO Amane Inoue, and a further seven directors of the board (three external executive directors) and two auditors (one external auditor) will be appointed. Socionext is Japan's leading System LSI company, with a specific focus and core competence in imaging and optical networking technologies. The company combines valuable resources from Fujitsu and Panasonic, such as engineering expertise, a rich portfolio of intellectual property and broad customer bases. Headquartered in Yokohama, Socionext has seven offices in Japan, including Kyoto and other areas, and 15 international offices in Asia, the United States, and Europe. Socionext has established a truly global organization. Each of the eight business units is based in the ideal location for the team to run its design, development and sales activities. Six business units are based in Japan, and one each in United States and in Europe. As a leading open innovation company, Socionext will offer optimum products and soluti...