Peter Clarke, EETimes
2/7/2013 7:24 AM EST
LONDON – Japan's Fujitsu Ltd. and Panasonic Corp. have announced that they have agreed in principle to merge their system LSI businesses to create an independent fabless chip company.
The Development Bank of Japan Inc. has been asked to assist with investment and financing of the plan and Fujitsu and Panasonic said they are in discussions to finalize a contract and timetable for the creation of the company.