Announcement, SII

Announcement from SII Semiconductor Corporation: Change of Company Name

24.08.2017 - 09:30:53

Business Wire India

SII Semiconductor Corporation (President: Nobumasa Ishiai, Head Office: Chiba-shi, Chiba; hereinafter “SII Semiconductor”), a subsidiary of Seiko Instruments Inc. (President: Hitoshi Murakami, Head Office: Chiba-shi, Chiba; hereinafter “SII”), that manufactures and sells semiconductors today announced that the company will change its company name to ABLIC Inc. in January 5, 2018.

 

SII Semiconductor was established in September 2015. Through a joint investment by Development Bank of Japan Inc. (President & CEO: Masanori Yanagi, Head Office: Chiyoda-ku, Tokyo; hereinafter “DBJ”) in January 2016, SII Semiconductor has deployed and expanded its business by succeeding the SII’s semiconductor business. Currently the equity of SII Semiconductor is split to 60% for SII and 40% for DBJ, but SII will transfer its 30% of the equity to DBJ and DBJ will acquire 70% after January 2018. Taking advantage of this opportunity, SII Semiconductor has determined to change its company name for further growth and expansion of its business as a manufacturer specialized in analog semiconductors.

 

SII Semiconductor continues to strive for enhancing its development function as well as manufacturing capability for semiconductor products featuring low-current consumption, low-voltage operation, and ultra-small package technologies that have been honed in the SII’s well-established history, while promoting M&As, alliances, etc. to be an industry-leading analog semiconductor company on a global basis.

 

1.New Company Name and Logo

 

[Name]

 

ABLIC Inc.

 

[Logo]

 

The new company name is ABLIC, a word coined by combining ABLE and an IC (Integrated Circuit), meaning that semiconductor technologies make the impossible possible. The logo is a combination of an arrow pointing upward that expresses growth and a black diamond symbol that expresses an IC. It symbolizes the first initial of the company name, A, and a corporate attitude seeking to develop society as a whole with semiconductors.

 

2.Date of Changing Company Name

 

January 5, 2018 (scheduled)

 

3.Outline of Company

 
Name     SII Semiconductor Corporation
Capital     9,250 million yen
Date of establishment     September 28, 2015
Number of employees     832 (as of March 31, 2017)

Website

   

http://www.sii-ic.com/en/

 

 

 
@ businesswireindia.com

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