July 31, 2014 / 7:35 AM / 4 years ago

Fujitsu says to seek outside partner for Mie chip plant

TOKYO, July 31 (Reuters) - Japan’s Fujitsu Ltd said on Thursday its main semiconductor plant in Mie prefecture, in central Japan, will be split into a separate foundry company with plans to seek outside partners to expand its business.

The move is part of a broader reorganisation of its semiconductor business, which also includes a plan for ON Semiconductor Corp to take a 10 percent stake in another newly formed unit.

Sources familiar with the matter said earlier this month that Fujitsu planned to form a joint venture with Taiwan’s United Microelectronics Corp to own and operate the Mie plant. (Reporting by Chang-Ran Kim; Editing by Edmund Klamann)

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