ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

ROHM Completes Acquisition of New Production Site

Santa Clara, CA and Kyoto, Japan, Nov. 07, 2023 (GLOBE NEWSWIRE) -- ROHM Semiconductor today announced they have completed acquisition of the assets of Solar Frontier’s former Kunitomi Plant located in Japan, based on its basic agreement signed with Solar Frontier. The Plant will be operated by LAPIS Semiconductor, a subsidiary of the ROHM Group, as its Miyazaki Plant No. 2. It will become the Group's main production site for SiC power devices and is aiming to start operation during 2024.

The ROHM Group will continue to strengthen its production capacity in accordance with its Medium-Term Management Plan while keeping abreast of market conditions and will thoroughly enhance its BCM system to ensure a stable supply of products to customers.

Outline of Miyazaki Plant No. 2

  • Location: 1815 Taziri, Kunitomi-cho, Higashimorokata-gun, Miyazaki, Japan
  • Site area: Approximately 400,000 m2
  • Total floor area: Approximately 230,000 m2
  • Acquisition price: Not disclosed
  • Acquisition date: November 7, 2023

Notes:
1. Solar Frontier plans to continue to use part of the site and buildings as its business office (lease).
2. ROHM’s announcement of July 12, 2023: Expanding production capacity for SiC power devices: ROHM will acquire new production site.

Attachment


Travis Moench
ROHM Semiconductor
858.625.3600
tmoench@rohmsemiconductor.com

Heather Savage
BWW Communications
720.295.0260
heather.savage@bwwcomms.com
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.