Kioxia neemt Chubu Toshiba Engineering over
Chubu Toshiba Engineering wordt in 2022 een volledige dochteronderneming van Kioxia
Zorg voor zeer ervaren technisch talent en realiseer kostenbesparingen
TOKIO–(BUSINESS WIRE)– Kioxia Holdings Corporation is een definitieve overeenkomst aangegaan met Toshiba Digital Solutions Corporation (een dochteronderneming van Toshiba Corporation TSE:6502) om alle uitstaande aandelen van haar dochteronderneming, Chubu Toshiba Engineering (CTE) Corporation, te verwerven, om de technologische ontwikkelingsmogelijkheden van de Kioxia Group verder te versterken. De overname van de aandelen zal in de eerste helft van 2022 worden afgerond, na afronding van de noodzakelijke procedures, en CTE wordt een volledige dochteronderneming van Kioxia Corporation.
CTE is gespecialiseerd in het ontwerpen, prototypen en evalueren van halfgeleidergerelateerde hardware en software en heeft veel ervaring in technologieën voor de productie van halfgeleiders, van ontwikkeling tot massaproductie, terwijl het gedurende vele jaren geavanceerde technische capaciteiten opbouwt. Het bedrijf heeft in het verleden ook zijn technische diensten geleverd aan Kioxia Corporation. De integratie van CTE brengt zeer ervaren technisch talent in de ontwikkeling van halfgeleiders in huis, terwijl kostenbesparingen mogelijk worden gemaakt die samen de bedrijfswaarde zullen verbeteren. De overname zal Kioxia’s technologische ontwikkelingsmogelijkheden verbeteren en synergieën opleveren tussen het ontwerp, de werking en de productie van zijn fabrieken.
Kioxia to Acquire Chubu Toshiba Engineering
Chubu Toshiba Engineering to become a Wholly Owned Kioxia subsidiary in 2022
Secure highly experienced engineering talent and achieve cost efficiencies
TOKYO–(BUSINESS WIRE)– Kioxia Holdings Corporation has entered into a definitive agreement with Toshiba Digital Solutions Corporation (a subsidiary of Toshiba Corporation TSE:6502) to acquire all of the outstanding shares of its subsidiary, Chubu Toshiba Engineering (CTE) Corporation, to further strengthen Kioxia Group’s technology development capabilities. Acquisition of the shares will be completed in the first half of 2022, following completion of the necessary procedures, and CTE will become a wholly-owned subsidiary of Kioxia Corporation.
Specializing in semiconductor related hardware and software design, prototyping and evaluation, CTE is well-experienced in semiconductor manufacturing technologies covering areas from development to mass production while building sophisticated technical capabilities over many years. The firm has also provided its engineering services to Kioxia Corporation in the past. Integrating CTE brings in-house highly experienced engineering talent in semiconductor development while enabling cost efficiencies which together will improve enterprise value. The acquisition will enhance Kioxia’s technology development capabilities, as well as deliver synergies across the design, operation, and production of its manufacturing plants.
Kioxia is cultivating a new era of memory with its world class solutions, as it strives towards the mission of “uplifting the world with memory”. The company remains committed to developing initiatives to strengthen the competitiveness of its memory and SSD business.
About Chubu Toshiba Engineering Corporation
Headquarters: Nagoya City, Aichi Prefecture, Japan
Representative: Kunio Yamada, President
Founded: February 1, 1992
Shareholder: Toshiba Digital Solutions Corporation (100%)
Outline of Business:
Engineering services related to semiconductor development, design and manufacturing
Development and operation of semiconductor CIM systems
About Kioxia
Kioxia is a world leader in memory solutions, dedicated to the development, production and sale of flash memory and solid-state drives (SSDs). In April 2017, its predecessor Toshiba Memory was spun off from Toshiba Corporation, the company that invented NAND flash memory in 1987. Kioxia is committed to uplifting the world with memory by offering products, services and systems that create choice for customers and memory-based value for society. Kioxia’s innovative 3D flash memory technology, BiCS FLASH™, is shaping the future of storage in high-density applications, including advanced smartphones, PCs, SSDs, automotive and data centers.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220223006425/en/
Contacts
Kota Yamaji
Public Relations
Kioxia Holdings Corporation
81-3-6478-2319