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