Eudyna! Fujitsu and Sumitomo aim for top spot
Fujitsu Quantum Devices and the electronic devices division of Sumitomo Electric have consolidated their compound semiconductor operations and named the joint-venture company “Eudyna Devices”.
The Japanese companies had originally announced their intention to merge the two operations last December (see related story). The completion of the deal follows European Commission approval for the consolidation, which was granted on March 30.
“The new company will engage in everything from development to manufacturing and sales of a wide variety of compound semiconductor devices. [It] aims to quickly establish itself as the world’s top compound semiconductor maker,” said the two parent companies in a release.
Headquartered in Yokohama, Japan, Eudyna has a capitalization of ¥19.5 billion ($188 million). Both Fujitsu and Sumitomo have a 50% stake in the company.
The total workforce at Eudyna is approximately 1100. The company CEO is Masumi Fukuta, who was previously president of Fujitsu Quantum Devices, while Nobuo Shiga, former manager of the electronic devices division at Sumitomo, will become COO.
According to Fujitsu and Sumitomo, the new company will “boldly move into new areas not bound by conventional business practices or ways of thinking”.
Exactly what this means remains to be seen, but it was previously announced that the joint-venture would concentrate on building a research and development platform focused on process technologies and device performance.
Eudyna is also expected to take a dominant position in the existing market for telecommunications infrastructure devices, such as radio link FETs and devices used in cellular base stations. New markets, including wireless local area network applications will also be targeted.
