Establishing Two Joint Venture Companies for the Manufacture of Planar Lightwave Circuits and Optical Semiconductors
December 22, 2016

NTT Electronics Corporation
Furukawa Electric Co., Ltd.

TOKYO--December 22, 2016--NTT Electronics Corporation (President and Chief Executive Officer : Kazuo Hagimoto; hereinafter, NTT Electronics) announces that it has reached an agreement with Furukawa Electric Co., Ltd. (President : Mitsuyoshi Shibata; hereinafter, Furukawa Electric) 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

NTT Electronics and Furukawa Electric 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 Name NTT Electronics Optech Corporation Furukawa FITEL Optical Device Co., Ltd.
Business Overview Planar Lighwave Circuit Manufacture Optical Semiconductor Manufacture
Capital JPY100 million JPY100 million
Investment Ratio NTT Electronics : 80%
Furukawa Electric : 20%
Furukawa Electric : 60%
NTT Electronics : 40%
Location 6700-2, To, Naka-shi, Ibaraki 311-0122, Japan 6, Yawata-Kaigandori, Ichihara, Chiba, 290-8555 Japan
Operation Start April 2017 (Anticipated) April 2017 (Anticipated)
Representative To Be Determined To Be Determined

Contacts

NTT Electronics Corporation; jv-inquiry@ntt-el.com

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