Furukawa Electric Co.,
Ltd. (President: Mitsuyoshi Shibata; hereinafter, Furukawa Electric) announced
that it reached an agreement with NTT Electronics Corporation (President and
Chief Operating Officer: Kazuo Hagimoto; hereinafter, NTT Electronics) to
establish two joint venture manufacturing companies for planar lightwave
circuits and optical semiconductors.
Background
The need for stable
and efficient supply capability of optical components has increased in response
to the demand created by rapid growth in cloud services.
Objective
Furukawa Electric and
NTT Electronics seek to create stable product supply capabilities for planar
lightwave circuits and optical semiconductors by promoting efficient use of
both companies’ manufacturing resources and by strengthening their business
continuity plans.
New Company Overview
Company Names
- NTT Electronics Optech Corporation
- Planar Lighwave Circuit Manufacture
- Capital: JPY100 million
- Investment Ratio:
- NTT Electronics: 80%
- Furukawa Electric: 20%
- Operation Start: April 2017 (Anticipated)
- Furukawa FITEL Optical Device Co., Ltd.
- Optical Semiconductor Manufacture
- Capital: JPY100 million
- Investment Ratio:
- Furukawa Electric: 60%
- NTT Electronics: 40%
- Operation Start: April 2017 (Anticipated)
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