FUJITSU And PANASONIC want to combine chip manufacturing
According to the source, referring to the message the Japanese Broadcasting Corporation NHK, the Fujitsu and Panasonic are completing negotiations to merge the activities engaged in production of semiconductor chips.
As stated, the joint venture will begin operations in March 2014. Part of the funding will come from a source that is supported by the government. Probably, it is a fund Innovation Network Corp. of Japan (INCJ), in the past year to take part in the rescue of another Japanese manufacturer of semiconductor products - Renesas Electronics.
In addition, the Fujitsu and Panasonic are trying to enlist the support of the credit of the bank Development Bank of Japan.
According to NHK, a joint venture of Fujitsu and Panasonic will order the production of chips at TSMC. It was assumed that the JV will become and the company Renesas, which sold one of his TSMC factories, but it is believed that, having received the funds needed to overcome the crisis, she refused to take further part in the negotiations.
Fujitsu has denied information about a possible merger. More precisely, the Japanese manufacturer recalls that the official announcement of the merger was not, as there was no statements to that effect by the management company. Moreover, the company#39;s website published a special report, which states that #39;a decision on this matter is still pending#39;.
