Sumitomo Metal Mining Co., Ltd. Reaches Agreement with Kaga Electronics Co., Ltd
October 03, 2017 at 01:30 am EDT
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Sumitomo Metal Mining Co., Ltd. and Kaga Electronics Co., Ltd. have reached an agreement for SMM to acquire 51% of the shares in the Kaga Electronics subsidiary Sicoxs Corporation, and concluded a stock transfer agreement and joint venture contract on October 2, 2017. The actual transfer of stock and the start of the joint venture are scheduled for October 30, 2017. SMM and Kaga Electronics will investigate the mass production of SiC substrates through a fusion of Sicoxs SiC substrate manufacturing technology and SMM's substrate production technology, and swiftly respond to market needs by leveraging Kaga Electronics' information gathering abilities and sales network in the field of electronics.
These are substrates that are formed by thinly bonding single-crystal SiC substrates onto a polycrystal SiC substrate. By making the polycrystal substrate the supporting substrate, it becomes possible to reduce the volume of high cost single-crystal substrates that are used and thus greatly reduce the overall cost. Semiconductor devices that use such substrates have the same manufacturing process as SiC substrates composed of single-crystal substrates, thus allowing the same characteristics as these devices to be obtained.
KAGA ELECTRONICS CO.,LTD. is a Japan-based company mainly engaged in the sale of electronic components, semiconductors, Electronics Manufacturing Service (EMS), finished products such as personal computers (PC) and other peripheral devices. The Company operates through four business segments. The Electronic Components segment is involved in the development, manufacture and sale of semiconductors, general electronic components and EMS. The Information Equipment segment is involved in the sale of PC, PC peripherals, home appliances, photo and video related products and original brand products. The Software segment is involved in the production of computer graphics (CG) video, as well as the plan and development amusement-related products. The Other segment is involved in the repair and support of electronics equipment, the manufacture and sale of amusement equipment, as well as the sale of sports equipment.