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Toshiba Signs Agreement with ASE on Transfer of Chinese Manufacturing Subsidiary for Analog IC Back-End Process

20 May, 2013

TOKYO—Toshiba Corporation (Tokyo: 6502) today announced that Toshiba's Chinese subsidiary, Toshiba Semiconductor (Wuxi) Co., Ltd. (TSW) has signed a definitive agreement with ASE Assembly & Test (Shanghai) Limited, a Chinese subsidiary of Taiwan's ASE (Advanced Semiconductor Engineering, Inc.), on the transfer of Wuxi Tongzhi Microelectronics Co., Ltd. (WTZ), a wholly owned TSW manufacturing subsidiary in China that assembles and tests semiconductors.

The agreement is in line with Toshiba's asset-light strategy for its semiconductor back-end process, to improve the profitability of its Analog IC business, and with ASE's strategy of enhancing its capabilities in back-end processes, its core business.

WTZ was established in 2010 as a joint venture of TSW and Nantong Fujitsu Microelectronics Co., Ltd. in 2010. TSW subsequently acquired all shares the company in December, 2012.

Toshiba will continue to promote the Analog IC business and strengthen its profitability through structural reforms to optimize operations, including allocating resources to the strategic products such as communications and automotives.

Outline of Wuxi Tongzhi Micro electronics Co., Ltd.

Location:   Wuxi, Jiangsu, China
CEO:    Yoshiyuki Taguchi
Established:   2010
Capital:   73.5million RMB
Employees:   Approximately 250
Business:   Semiconductor assembly and testing services

Outline of Advanced Semiconductor Engineering, Inc.

Location:   Kaohsiung, Taiwan
CEO:    Jason C.S. Chang
Established:   1984
Capital:   2.5 billion US dollar
Employees:   Approximately 56,000
Business:   Semiconductor assembly and testing services
Revenues :   6.6 billion US dollar (in 2012)

 

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