SAN JOSE, Calif. -- There are more changes taking place at Fujitsu Ltd.'s chip unit.
Fujitsu Microelectronics America Inc. (FMA) said that Shinichi "James" Machida has been named president and chief executive, effective August. Machida will be leaving his position as president of Fujitsu Microelectronics Asia Pte. Ltd. (FMAL) in Singapore, and Fujitsu Microelectronics Pacific Asia Ltd. (FMP) in Hong Kong, and will arrive in the U.S. in August.
He replaces Kazuyuki Kawauchi, who will return to Fujitsu Microelectronics Ltd. (FML) in Japan in September.
Machida has been president of FMAL and FMP since October 2006, and has helped expand Fujitsu's business in Asia outside of Japan.
In the latest restructuring in Japan's IC industry, Fujitsu earlier this year said it planned to spin-off its loss-ridden semiconductor unit. The company will also transfer its advanced process and product efforts to a new site and take a $93.6 million charge.
The unit, which was renamed Fujitsu Microelectronics Ltd., was incorporated on March 21, 2008. The parent company orginally announced plans to spin-off its chip unit on Jan. 21.
Some wonder if Fujitsu's new semiconductor spin-off already in trouble. Fujitsu (Tokyo) announced that Toshihiko Ono, corporate senior vice president and representative director, submitted his resignation in April, citing personal reasons. Ono was in charge of the chip unit.