Tuesday, May 27, 2008

OKI to Spin-Off Semiconductor Business, Sell to ROHM

Oki Electric Industry Co., Ltd. announced plans to spin-off its semiconductor business as a new company effective 01-October-2008.

Oki also confirmed plans to sell up to 95% of the shares in the new company to ROHM, Japan's eighth largest semiconductor firm.

The independent Oki Semiconductor Company will have approximately 6,000 employees and be based in Tokyo.



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