OMRON Announces Preliminary Agreement to Acquire Semiconductor Business Assets from Seiko Epson Subsidiary.Tokyo, Japan, Oct 25, 2006 - (JCN JCN Japan Corporate News
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JCN joint communications network (US DoD) Newswire) - OMRON Corporation (TSE See Tokyo Stock Exchange.
1. See Tokyo Stock Exchange (TSE).
2. See Toronto Stock Exchange (TSE). : 6645, NYSE NYSE
See: New York Stock Exchange : OMRNY), a global leader in automation, sensing and control technologies, announced that it has reached a preliminary agreement to acquire the semiconductor business assets of Seiko Epson's consolidated subsidiary, Yasu Semiconductor Corporation.
OMRON develops, manufactures, and markets custom ICs that offer functionality and cost-performance not found in general-purpose semiconductors, as well as MEMS (MicroElectroMechanical Systems) Tiny mechanical devices that are built onto semiconductor chips and are measured in micrometers. In the research labs since the 1980s, MEMS devices began to materialize as commercial products in the mid-1990s. (Micro Electro Mechanical Systems) products such as flow sensors A flow sensor is a device for sensing the rate of fluid flow. Typically a flow sensor is the sensing element used in a flow meter, or flow logger, to record the flow of fluids. and pressure sensors A pressure sensor measures the pressure, typically of gases or fluids. Pressure is an expression of the force required to stop a gas or fluid from expanding, and is usually stated in terms of force per unit area. A pressure sensor generates a signal related to the pressure imposed. that utilize semiconductor processes in their manufacture. OMRON's semiconductor-related sales for fiscal 2005 were 6.6 billion yen. 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.
Assets to be Acquired
The asset to be acquired is the semiconductor factory owned by YSC YSC Young Survival Coalition
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YSC Yearly Spares Cost
YSC You're So Cool in Yasu, Shiga Yasu (野洲市 Yasu-shi) , Japan.
Site area: Approx. 42,000 m2 Floor area: Approx. 40,000 m2 Facilities: Semiconductor manufacturing equipment (8-inch CMOS line), and YSC intellectual properties related to equipment operation
Outline of YSC
Name: Yasu Semiconductor Corporation Business lines: Semiconductor manufacturing Representative: Tsuguo Gomi, President Capital: 16.2 billion yen Location: 686-1 Ichimiyake, Yasu, Shiga, Japan Employees: 209 (as of March 31, 2006) Sales: 10 billion yen (fiscal year ending March 2006)
Outline of Seiko Epson Seiko Epson Corporation (セイコーエプソン株式会社
Name: Seiko Epson Corporation Business lines: Development, manufacture, marketing, and servicing of information equipment (inkjet printers, scanners, POS system products, LCD projectors, etc.), electronic devices (small- and medium-size LCD displays, semiconductors, crystal devices, etc.), precision instruments (watches, plastic eyeglass lenses, FA equipment, etc.), and other products Representative: Seiji Hanaoka, President Capital: 53.204 billion yen Location: 3-3-5 Owa, Suwa, Nagano, Japan Employees: 90,701 consolidated 12,414 non-consolidated (as of March 31, 2006) Sales: 1.5495 trillion yen consolidated 863.1 billion yen non-consolidated (fiscal year ending March 2006)
The acquisition resulting from this preliminary agreement is not expected to have a significant material effect on OMRON's consolidated or non-consolidated financial outlook for the fiscal year ending March 2007.
About OMRON Corporation
Headquartered in Kyoto, Japan, OMRON Corporation (TSE: 6645; NYSE: OMRNY) is a global leader in the field of automation. Established in 1933 and headed by President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Hisao Sakuta, OMRON has more than 28,000 employees in over 35 countries working to provide products and services to customers in a variety of fields including industrial automation, electronic components, social systems (ticket gate machines, ticket vending machines vending machine, coin-operated, automatic device for selling goods. Many vending machines are capable of making change, and some of the more sophisticated ones accept paper money or credit cards. , and traffic control) and healthcare. The company is divided into five regions and head offices are in Japan (Kyoto), Asia Pacific (Singapore), China (Shanghai), Europe (Amsterdam) and US (Chicago). For more information, visit OMRON's website at www.omron.com
Source: OMRON Corporation
James Seddon Corporate Brand Communications Department Tel: +81-3-3436-7202 E-mail: email@example.com
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