TOKYO -- Yokogawa Electric Corp. and Ando Electric Co. Ltd. today announced plans to collaborate in semiconductor test and measurement systems. At the same time, NEC Corp. disclosed it was planning to sell all of its shares in Ando to Yokogawa.
The new partnership between Yokogawa and Ando is aimed at accelerating ATE revenue growth at the two companies. The partners said their combined ATE and measurement businesses are now worth about 130 billion yen ($1.12 billion). The partners said they aim to push that total to 200 billion yen ($1.72 billion) by 2005.
Yokogawa and Ando said they will focus new test and measurement activities on communications, multimedia, and semiconductor segments. The partners intend to combine Ando's optical technologies with Yokogawa's compound semiconductor capabilities for next-generation systems targeted at optical communications applications.
NEC said it expects to complete the transfer of 33% shares in Ando to Yokogawa on Feb. 28. That will level NEC with a 2% stake in Ando. The move is part of NEC's efforts to refocus itself on core businesses.