Royal Philips Electronics and Jilin Sino-Microelectronics Co. Ltd announced the establishment of a joint venture to develop, design, and manufacture bipolar power products to be marketed and sold by the parent companies.
The new company, Philips Jilin Semiconductor Co. Ltd, which is to be located in Jilin City, Jilin Province in China, will serve the international and domestic markets, focusing on bipolar power products ranging from epitaxial diodes, deflection transistors, damper diodes, triacs, and thyristors. Expected to begin operations mid-2004, the company will supply consumer electronics, white goods, lighting, power supplies, and industrial products.
Philips Semiconductors has been in power product development for more than 20 years, while JSMC is a supplier to the manufacturers of television sets, telecommunications equipment, computer hardware, and automation machinery.
"Philips has made substantial investments in China exceeding U.S. $ 2.5 billion, and we see the Jilin JV as a strategic continuation of this investment. JSMC has demonstrated its ability to quickly build and ramp-up production of a state-of-the art facility, and the plant location allows us to tap the skills and experience of the people in the region," stated Scott McGregor, CEO, Philips Semiconductors. "We know that the technology, manufacturing, and customer service expertise of the two companies will make a formidable combination."
Xia Zengwen, chairman of JSMC, added: "JSMC is one of the largest power semiconductor suppliers in China with strong development potential in this area. The win-win collaboration between Philips and JSMC combines the expertise of both companies to provide high-quality and competitive bipolar power products to address the needs of the electronic product manufacturers around the world."
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