TOKYO: Panasonic Corp and Fujitsu Ltd said on Wednesday that they would integrate part of their operations to form an independent company to design and develop system LSI chips, in which both companies will own a share.
Fujitsu will own 40% of voting rights in the new firm, the same proportion as the state-owned Development Bank of Japan Inc (DBJ), which will provide a maximum investment of 20bil yen (RM638.04mil) in equity capital and a maximum credit line of 10 billion yen for the new company. Panasonic will own the remaining 20%.
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