November 28, 2013
Fujitsu Limited
Fujitsu Semiconductor Limited
Transphorm, Inc.
Transphorm and Fujitsu to Integrate GaN Power Device Businesses
Bringing together technologies to accelerate market establishment and volume production of high-reliability, high-performance Gallium Nitride devices
Tokyo and Yokohama, Japan, and Goleta, CA, November 28, 2013 — Fujitsu Limited, Fujitsu Semiconductor Limited, and Transphorm, Inc., a leader in GaN power devices for power supplies, today announced that they have reached an agreement whereby Fujitsu Semiconductor and Transphorm will integrate their gallium-nitride (GaN) power devices for power supplies businesses. This integration will dramatically improve the market competitiveness of Transphorm's GaN power device business. The three companies have also agreed that both Fujitsu and Fujitsu Semiconductor will take a minority equity position in Transphorm.
Device manufacturers around the world are competing to commercialize GaN power devices. While Transphorm has already released the first qualified high voltage commercial GaN devices, the company continues to make significant improvements in performance, quality and productivity. Given this, Fujitsu, Fujitsu Semiconductor and Transphorm will bring together their complementary strengths in technology and manufacturing to enable superior GaN power device solutions to be delivered quickly to the market with both scale and affordability.
Comment from Transphorm's CEO Fumihide Esaka:
"Integrating Transphorm's operations with Fujitsu will enable high-volume and high-performance GaN power device production at Aizu-Wakamatsu, and we will also benefit from Fujitsu's strong technological capabilities underpinned by Fujitsu Groups' years of developments in the field of GaN power device. In addition to being a future user for GaN solutions, Fujitsu has also built customer relationships with many power management companies in Japan, one of the most important markets for Transphorm. These complementary strengths will enable us to become the world leader in the GaN power conversion business and allow our customers to use our GaN power solutions with confidence."
Comment from Fujitsu's President Masami Yamamoto:
"This business integration, together with our contribution to Transphorm's management as a minority shareholder, will enable Fujitsu to meet Transphorm's needs by offering low-cost volume production, highly reliable technologies, and quality assurance methodologies. This collaboration will greatly accelerate the introduction and market share expansion of Transphorm's GaN power devices. While making efforts to promote the innovative value of more compact and exceptionally efficient power supply which only GaN technologies can provide, Fujitsu will aggressively work to embed GaN power devices into Fujitsu products as one component of our energy-saving solutions. Our work in the GaN RF device business continues to move forward, as does our drive to conduct advanced research on GaN devices and applied development of RF and power supply modules."
Comment from Fujitsu Semiconductor's President Haruki Okada:
"From 2009, Fujitsu Semiconductor has moved forward on developing the mass production technology needed to bring GaN power devices to market, and at the end of 2011 began sample shipments of GaN power devices with 600 V breakdown voltage, followed by 150 V breakdown voltage GaN devices in July of this year. We have positioned GaN power devices as one of our future core products for the Aizu-Wakamatsu plant. The integration announced today will enable us to collaborate with Transphorm and leverage their technologies to accelerate the drive to mass production, and, we anticipate, contribute to the vitality of the Aizu-Wakamatsu region. With our track record and capabilities to mass produce silicon devices that meet the stringent quality requirements of customers in automotive, industrial equipment and other industries, the Aizu-Wakamatsu plant will also be able to offer GaN power devices that customers can purchase with confidence."
Fujitsu and Fujitsu Semiconductor will establish a new company in Japan for the GaN power device business, and will transfer to the new company their combined design and development assets as well as intellectual property rights in GaN power devices. The two companies will make an in-kind investment in Transphorm in the form of the new company's shares, and will receive an equivalent value of shares in Transphorm in return. As a result of this transaction, the new company will become a wholly owned subsidiary of Transphorm. In addition, Fujitsu and Fujitsu Semiconductor will make a cash investment in Transphorm and will contribute to Transphorm's management in their roles as minority shareholders. The employees at Fujitsu and Fujitsu Semiconductor who are directly involved in the GaN power device business will be reassigned to the new company, where they will continue development and production work with Transphorm's employees. After the integration, Transphorm will continue R&D work at both its prototyping line in the US as well as Fujitsu Semiconductor's Aizu-Wakamatsu plant, which will be under exclusive contract with Transphorm to handle wafer processing. Transphorm and Fujitsu Semiconductor intend to build a global market by generating synergies from bringing together their marketing, customer support, and applications development capabilities.
About Fujitsu
Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Approximately 170,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.4 trillion yen (US$47 billion) for the fiscal year ended March 31, 2013. For more information, please see http://www.fujitsu.com.
About Fujitsu Semiconductor
Fujitsu Semiconductor Limited designs and manufactures semiconductors, providing highly reliable, optimal solutions and support to meet the varying needs of its customers. Products and services include Customized SoCs (ASICs), Foundry Service, ASSPs, and Ferroelectric RAMs (FRAMs), with wide-ranging expertise focusing on mobile, imaging, automotive and high performance applications. Fujitsu Semiconductor also drives power efficiency and environmental initiatives. Headquartered in Yokohama, it was established as a subsidiary of Fujitsu Limited on March 21, 2008. Through its global sales and development network, with sites in Japan and throughout Asia, Europe, and the Americas, Fujitsu Semiconductor offers semiconductor solutions to the global marketplace.
For more information, please see: http://jp.fujitsu.com/fsl/en/
About Transphorm
Transphorm is redefining electric power conversion, providing cost-competitive and easy-to-embed power conversion modules that reduce costly energy loss by up to 90 percent, and simplify the design and manufacturing of motor drives, power supplies and inverters for solar panels and electric vehicles. From material technology and device fabrication to circuit design and module assembly, Transphorm designs and delivers its power conversion devices and modules to meet the needs of global customers, helping them scale quickly and save money. By creating an ecosystem of electrical systems manufacturers powered by Transphorm, the company accelerates the adoption of application-specific power modules and paves the way for the next generation of electrical systems designed for optimal efficiency. To learn more about Transphorm, please visit www.transphormusa.com.
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Fujitsu Semiconductor Limited
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Transphorm, Inc.
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All company or product names mentioned herein are trademarks or registered trademarks of their respective owners. Information provided in this press release is accurate at time of publication and is subject to change without advance notice.
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