Fujitsu and Panasonic set up Socionext as a joint company to develop system LSIs

Tokyo, Yokohama and Osaka, Japan – 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 Socionext’s competitiveness in the global market.

The new venture combines management resources, including.ch. Fujitsu Group and Panasonic Group’s 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 “Japan Industrial Competitiveness Fund” to support Socionext’s efforts to create revolutionary devices based on LSI systems, as well as strengthen the company’s market position.