Acquisition to boost semiconductor capacity

Omron Corp has reached a preliminary agreement to acquire the semiconductor business assets of Seiko Epson's consolidated subsidiary, Yasu Semiconductor Corp.

Omron Corp has reached a preliminary agreement to acquire the semiconductor business assets of Seiko Epson's consolidated subsidiary, Yasu Semiconductor Corp.

Omron develops, manufactures, and markets custom ICs that offer functionality and cost-performance not found in general-purpose semiconductors, as well as MEMS products such as flow sensors and pressure sensors that use semiconductor processes in their manufacture.

Omron's semiconductor-related sales for fiscal 2005 were Y6.6 billion.

The acquisition of the business assets resulting from this preliminary agreement is aimed at further reinforcing these semiconductor operations, while strengthening the Omron Group's line of semiconductor-equipped products.

The parties will now enter into detailed discussions, aiming to conclude the final contract and complete the acquisition by March 2007.

The asset to be acquired is the semiconductor factory owned by YSC in Yasu, Shiga, Japan.

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