Japan's Omron Corp. today completed its acquisition of Seiko Epson's chip fab, Yasu Semiconductor Corp., which it plans to relaunch next week as a foundry for nonvolatile memory and logic.
The assets of Yasu Semiconductor were folded into a newly formed subsidiary known as Omron Semiconductors Co. Ltd. (OSC), which will officially open for business on April 2. The company is capitalized with 1.5 billion yen ($12.8 million), and operates a 42,000 sq. meter factory in Yasu, Japan, which processes 8-inch semiconductor wafers.
The new operation initially will provide foundry services, and later expand production to include semiconductors and other devices developed internally by Omron. OSC is expected to have sales of 3 billion yen ($25.5 million) in fiscal 2007, growing to more than 5 billion yen ($42.6 million) by fiscal 2010.