TOKYO -- In an aim to secure top status among power semiconductor producers worldwide, Hitachi Ltd. and Fuji Electric Co. Ltd. have formed a joint venture to develop the compact, high-voltage devices.
The new company, tentatively named Fuji-Hitachi Power Semiconductor Technologies Co., will be launched in November. Financed equally by each partner, the operation will employ approximately 130 people. A president has yet to be named.
Power semiconductors are key components of the electric energy control systems used in various types of industrial equipment and consumer goods, such as power generation and transmission equipment, railway cars, machine tools, and inverters. However, the cost of fabricating the chips, which must stand up to high voltages and high currents, is formidable, the Tokyo-based companies said.
By combining their individual strengths in power semiconductor technology, Hitachi and Fuji believe they can offset the high cost of development, while strengthening their market positions, boosting cost effectiveness, and accelerating the pace of R&D.