Fujitsu Limited

euro adhoc: Fujitsu Limited
Restructuring & Recapitalisations / Fujitsu to Consolidate Its Japan-Based Semiconductor Assembly and Testing Operations (E)

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Fujitsu to Consolidate Its Japan-Based Semiconductor Assembly and Testing Operations

Tokyo, August 27, 2003 - Fujitsu Limited today announced that it will consolidate its four semiconductor back-end assembly and testing subsidiaries in Japan into one newly-established company with four facilities.  The new company, Fujitsu Integrated Microtechnology Limited, will focus on the back-end assembly and testing of logic chips, integrating the unique product lines and technological strengths of each of the four units into one highly competitive organization with improved efficiencies.

Under this reorganization, Fujitsu Tohoku Electronics Limited will be the surviving corporate entity under a new name, into which will be consolidated Fujitsu Miyagi Electronics Limited, Kyushu Fujitsu Electronics Limited, and the manufacturing operations in Gifu Prefecture of Fujitsu VLSI Limited, creating one integrated company focused on back-end fabrication.

Using Fujitsu's highly advanced chip package technology as a base, the new company will offer a variety of assembly and testing services, extending from high-end chip packages for servers and networking equipment, to commodity and multi-chip packages for digital audio-video equipment, mobile phones, and in-car systems.

Through higher efficiencies in R&D and production, improved cost competitiveness, and enhanced services, Fujitsu's goal in this reorganization of its back-end fabrication is to deliver optimal chip package solutions to its customers.

Overview of the New Company

Company Name:         Fujitsu Integrated Microtechnology Limited
                              (tentative)

President:              Mr. Teiichi Endo (tentative)
                              (current president of Fujitsu Tohoku Electronics
                              Limited)

Capital:                 450 million yen

Equity Structure:  Wholly owned subsidiary of Fujitsu Limited

Address:                 4 Kogyodanchi, Monden-machi, Aizu-Wakamatsu,
                              Fukushima Prefecture, Japan

Revenue:                 Approximately 31 billion yen (FY2003 second-half)

Date of Establishment:  October 1, 2003 (tentative)

About Fujitsu

Fujitsu is a leading provider of customer-focused IT and communications solutions for the global marketplace.  Pace-setting technologies, highly reliable computing and telecommunications platforms, and a worldwide corps of systems and services experts uniquely position Fujitsu to deliver comprehensive solutions that open up infinite possibilities for its customers' success. Headquartered in Tokyo, Fujitsu Limited (TSE:6702) reported consolidated revenues of 4.6 trillion yen (US$38 billion) for the fiscal year ended March 31, 2003.

                                This information is provided by RNS
                  The company news service from the London Stock Exchange

end of announcement            euro adhoc 28.08.2003
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Further inquiry note: For more information, please see: www.fujitsu.com

Branche: Hardware
ISIN:      JP3818000006
WKN:        0354912
Index:    
Börsen:  Frankfurter Wertpapierbörse / official dealing
              SWX Swiss Exchange / official dealing
              London Stock Exchange / official dealing



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