Tokyo, Yokohama and Osaka, Japan ā Fujitsu Limited, Panasonic Corporation and Development Bank of Japan DBJ announced the final merger of the LSI divisions of Panasonic and Fujitsu Semiconductor Limited with financial support from DBJ. A new joint venture called Socionext Inc., Will soon begin operations.
Establishment of Socionext Inc. resulted from an agreement signed on July 31, 2014 between Fujitsu, Panasonic and the Development Bank of Japan. The new venture will focus on the design, development and sale of LSI system. At the same time, Socionext will give up its own production, transferring it to specialized enterprises
Fujitsu and Panasonic are confident that the professional management team led by CEO Yasuo Nishiguchi and CEO Omane Inoue will ensure Socionextās competitiveness in the global market.
The new venture combines management resources, including.ch. Fujitsu Group and Panasonic Groupās technological capabilities, intellectual property and customer bases in image and video processing and transmission and high-speed optical networking technologies.
Socionext will operate independently of its parent companies, but Fujitsu and Panasonic will retain its partner status, enabling all companies to achieve joint growth in the future.
Development Bank of Japan will also leverage the capabilities of the āJapan Industrial Competitiveness Fundā to support Socionextās efforts to create revolutionary devices based on LSI systems, as well as strengthen the companyās market position.
| Company name | Socionext Inc. |
| Headquarters | 2-10-23 Shin-Yokohama, Kohoku-ku, Yokohama, Kanagawa, Japan |
| Representatives | CEO Yasuo Nishiguchi CEO Omane Inoue |
| Capital | 30.2 billion yen |
| Percentage of voting shares | Fujitsu 40%, Panasonic 20%, DBJ 40% |
| Start of business activities | March 2, 2015 |
| Areas of Business | Designing, developing and selling devices based on System LSI, as well as related products and services |
Itās great to see Fujitsu and Panasonic collaborating to form Socionext. Iām curious to know more about the specific goals and areas of focus for this joint venture. How do they plan to leverage their expertise to develop innovative system LSIs? Could you provide some insights into the expected impact and benefits Socionext aims to bring to the industry?
Can you please provide more information on the collaboration between Fujitsu and Panasonic to establish Socionext as a joint company? What specific goals or objectives do they have in developing system LSIs, and how do they plan to leverage their respective expertise in this partnership?
Fujitsu and Panasonic came together to establish Socionext as a joint company with the aim of developing advanced System LSIs (Large Scale Integrated circuits) for a variety of applications. This collaboration combines Fujitsuās expertise in high-performance computing and Panasonicās knowledge in consumer electronics to create innovative solutions for various industries. The specific goals of this partnership include creating cutting-edge technologies for AI, IoT, automotive, and other fields, as well as expanding their presence in the global market. By leveraging their respective strengths, Fujitsu and Panasonic plan to accelerate the development of next-generation System LSIs and drive digital transformation across different sectors.