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Toshiba Establishes Semiconductor Design House JV in Brazil with Semp Toshiba

12 Aug, 2011

São Paulo, Brazil, August 11 – Toshiba Corporation (TOKYO: 6502) today announced that it has established a semiconductor design house, STI Semiconductor Design Brasil Ltda., as a joint venture (JV) with Semp Toshiba Informática Ltda. (STIL), a Brazilian Toshiba affiliate. The JV is based on the memorandum of understanding signed on December 3 last year, under the framework for reinforcing cooperation in economic and industrial development between the Brazilian and Japanese governments, including the cultivation of a Brazilian semiconductor industry.

Mr. Afonso Antonio Hennel, the president of STIL, will serve as the president of STI Semiconductor Design Brasil Ltda., which will be capitalized at US$4 million and 70% owned by STIL and 30% by Toshiba. The new company will initially design radio frequency ICs, widely used devices that are expected to see demand growth in Brazil.

Background

In April 2006, the Japanese and Brazilian governments signed a memorandum of understanding on the introduction of an ISDB-T-based digital television system in Brazil, and the enhancement of the Brazilian electric and electronics industry in relation to the television system. Establishment of the semiconductor design house in Brazil is part of this initiative.

Outline of the new joint venture

Name: STI Semiconductor Design Brasil Ltda.
Location: São Paulo, São Paulo, Brazil
President: Afonso Antonio Hennel
Established: August, 2011
Capital: US$4 million
Ownership: STIL 70%, Toshiba 30%
Employees: Initially, a small core design team
(Planned to expand to up to 30 within a few years.)

 

Outline of Semp Toshiba Informática Ltda

Location: São Paulo, São Paulo, Brazil
President: Afonso Antonio Hennel
Business: Manufacturing and sales of information system products
Established: July 1996

 

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Information in the press releases, including product prices and specifications, content of services and contact information, is current on the date of the press announcement, but is subject to change without prior notice.

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