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Seiko Epson takes over to 1 July 2006 IBM possession portions of Yasu Semiconductor

Epson continues to remove semiconductor business

27.06.2006 - 14:48 clock

Sea shrubs (ots) - the semiconductor manufacturer Yasu Semiconductor

Corporation becomes by the assumption IBM portions by the Seiko

Epson corporation (Epson) a hundred percent Epson daughter. With

this commitment strengthens the Japanese manufacturer his commitment

within the range of the semiconductor manufacture substantially. So far Epson held

and internationally the Businesses Machines corporation (IBM) in each case 50

Per cent of the portions.

Background

Yasu Semiconductor corporation became in June 2001 as 50/50 Joint

Venture between Epson and IBM based. According to regulations the Joint

IBM has venture agreements the right to exercise an option,

its 50 per cent of possession portions of the company starting from June 2006 of Epson too

sell. Epson has for his part the possibility, itself in this

To decide period for the purchase of these portions. Epson wants of

and has the procedure makes use for this option already up

Executive committee level approves. By this assumption the Yasu becomes

Semiconductor corporation a hundred percent subsidiary

of Epson.

The time for the transfer is 1 July 2006.

Overview of the Yasu Semiconductor corporation (conditions: 31.03.2006)

- Trade name: Yasu Semiconductor corporation

- Representative: Tsuguo Gomi, president

- Headquarter: 686-1 Miyake, Yasu, Shiga, Japan

- Gründungsdatum: 28. June 2001

- Capital: 16.170 million Yen

- Branch of main business: Semiconductor manufacture

- End of the financial year: 31. March

- Employees: 209

Financial results of the Yasu Semiconductor corporation that

last two years:

Financial year 2005 financial year 2006

Net turnovers 10,549 9.997

Net proceeds 307,291

Net proceeds 173,167

Total capital 19,067 20.051

Net capital 17,308 17.475

Unit: Million Yen