EINDHOVEN, the Netherlands -- Philips Semiconductors here and Mitsumi Electric Co. Ltd. in Japan today announced plans to jointly develop, manufacture, market, and sale analog and mixed-signal ICs worldwide.
The new agreement greatly expands a previous manufacturing services and resale pact between the two companies, which have historically concentrated on different segments of the analog chip market. Under the new agreement, Philips and Mitsumi will cross-sell existing product lines from each other. As new products are jointly developed, both companies will hold intellectual property rights and have the right to sell the ICs through their on channels.
"This collaboration will yield significant operating synergies for both companies," said Isao Sato, vice president and general manager of Mitsumi Semiconductor Division.
The previous agreement has demonstrated that the two companies can successfully work together," said Ben Adamo, vice president and general manager of the Standard Analog Business Line unit at the semiconductor subsidiary of Royal Philips Electronics N.V. He said the expanded alliance has "the potential to create exciting new opportunities for both companies."