Fujitsu and Sumitomo Electric launch compound semiconductor joint venture company Eudyna Devices Inc.

April 1, 2004 Tokyo -- The operations of Fujitsu Quantum Devices Ltd. and the electronic devices division of Sumitomo Electric Industries Ltd. have been consolidated into a new joint venture company, Eudyna Devices Inc. The new company will engage in everything from development to manufacturing and sales of a variety of compound semiconductor devices.

April 1, 2004 Tokyo -- The operations of Fujitsu Quantum Devices Ltd. and the electronic devices division of Sumitomo Electric Industries Ltd. have been consolidated into a new joint venture company, Eudyna Devices Inc. The new company will engage in everything from development to manufacturing and sales of a variety of compound semiconductor devices.

The launch of Eudyna follows upon the basic agreement between Fujitsu Ltd. and Sumitomo Electric Industries Ltd., announced last December, to consolidate their compound semiconductor businesses into a new 50-50 joint venture that would seek further growth and expansion. The name "Eudyna" was coined by the parent companies to combine the notions of breadth (from the first syllable "Eu," as used in words like "Euro" or "Eurasia") and "dynamism." They believe the name reflects their intention to have the new company boldly move into new areas not bound by conventional business practices or ways of thinking.

Commercial applications for compound semiconductor devices are continuing to expand from traditional markets, such as telecommunications infrastructure equipment like radio link FETs and mobile base stations, into new markets with high growth prospects, such as mobile handsets and digital home appliances, as well as into enterprise segments like wireless LANs. Eudyna will work to further build its presence and competitiveness in microwave devices and other compound semiconductor markets by providing products with superior performance and cost-competitiveness, say company representatives.

Company profile
Company name: Eudyna Devices Inc.
Head office: 1, Kanai-cho, Sakae-ku, Yokohama
Capitalization: 19.5 billion yen
Equity ownership: Fujitsu Limited 50%, Sumitomo Electric Industries, Ltd. 50%
CEO: Masumi Fukuta (former president of Fujitsu Quantum Devices Ltd.)
COO: Nobuo Shiga (former manager of the Electronic Devices Division of Sumitomo Electric Industries Ltd.)
Business: Development, manufacture, and sales of compound semiconductor devices, including microwave devices, lightwave devices, and products in which they are applied
Employees: About 1,100

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