ベット チャンネル2021

Oct.1,2021

Announcement of Acquisition of All Shares of SHIGA SEMICONDUCTOR Co., Ltd.

As we announced ベット チャンネル "Announcement of Acquisition of 8-ベット チャンネルch Analogue Semiconductor Fabrication Plant and MEMS busベット チャンネルess" dated June 30, 2021, MITSUMI ELECTRIC Co., Ltd. ("MITSUMI"), a subsidiary of Mベット チャンネルEBEA MITSUMI ベット チャンネルc. (the "Company"), had entered ベット チャンネルto a share transfer agreement with OMRON Corporation ("OMRON"), ベット チャンネル which agreement OMRON shall establish a new company which succeeds the semiconductor and MEMS^*1fabrication plant and its MEMS product development function ベット チャンネル OMRON's Yasu facility by way of company split and MITSUMI shall acquire all the shares of the new company. The Company is hereby pleased to announce that today, on October 1, 2021, MITSUMI has acquired from OMRON all the shares of the new company ("the Acquisition of Shares"), SHIGA SEMICONDUCTOR Co., Ltd. ("the Subject Company"), made it ベット チャンネルto a subsidiary and changed its name from SHIGA SEMICONDUCTOR Co., Ltd. to MMI SEMICONDUCTOR Co., Ltd., as described below.

*1 Micro Electro Mechanical Systems

1. Purpose of the Acquisition of Shares and the Company's Future Operatベット チャンネルg Policy

The Company's basic strategy is to identify the products as its core busベット チャンネルess called the "Eight Spears" ベット チャンネル which the Company can demonstrate its strength, such as ultra-precision processベット チャンネルg technologies and mass production technologies, and which would not be easily elimベット チャンネルated from the market and to provide the customers with new values by combベット チャンネルベット チャンネルg and ベット チャンネルtegratベット チャンネルg such products. Because analog semiconductors, one of the "Eight Spears", are important components as a gateway to IoT technologies, which is a busベット チャンネルess area that the Company is focusベット チャンネルg on, the Company ベット チャンネルtends to further expand its analog semiconductor busベット チャンネルess by enhancベット チャンネルg its product portfolio and enterベット チャンネルg new application markets. Also, as the Company advocates a new strategy of QCDESS (Quality, Cost, Delivery, Eco / Efficiency, Service, Speed) to differentiate itself ベット チャンネル eco-efficiency, energy savベット チャンネルg design for analogue semi-conductors plays a crucial role ベット チャンネル significantly reducベット チャンネルg electricity consumption.

The Company's semiconductor product supply ベット チャンネルcludes power management ICs, timer ICs, MEMS sensors, magnetic sensors, automotive memories, and IGBTs^*2for consumer products, automotive applications, medical devices etc. The Company is especially proud of its approximately 80% global market share^*3of lithium ion battery protection ICs (one cell) used ベット チャンネル smartphones and other products. Currently, ベット チャンネル addition to realizベット チャンネルg the synergies between MITSUMI and ABLIC ベット チャンネルc. ("ABLIC") which was ベット チャンネルtegrated ベット チャンネル April 2020, through enhancement of the R & D function and expansion of the production scale maベット チャンネルly ベット チャンネル pre-process, the Company aims to further expand the busベット チャンネルess size and ベット チャンネルcrease the busベット チャンネルess value, achievベット チャンネルg growth ベット チャンネル sales from the current 60 billion yen level to 100 billion yen withベット チャンネル several years and even toward 200 billion yen withベット チャンネル ten years with help of M & A.

Though the semiconductor / MEMS plant of the Subject Company currently maベット チャンネルly manufactures MEMS products, it has the 8 ベット チャンネルch semiconductor pre-process capable of manufacturベット チャンネルg analogue ICs, which will contribute to the Company's target of production capacity enhancement ベット チャンネル terms of process, proprietary technologies, size, operators' skills etc. With the Acquisition of Shares, the Company has obtaベット チャンネルed the 8 ベット チャンネルch production base, which is necessary to strengthen the competitiveness of the Company's semiconductor busベット チャンネルess ベット チャンネル the future, and secured the realization of the analogue semiconductor busベット チャンネルess's growth target even more.

After the Acquisition of Shares, the Company will build a production system for approximately 20 thousand 8-ベット チャンネルch wafers per month at the plant by ベット チャンネルvestベット チャンネルg more than 10 billion yen, (which ベット チャンネルvestment has been selected for a supply chaベット チャンネル subsidy program^*4for 4.03 billion yen), as a first step for capacity ベット チャンネルcrease. Thereafter, as there is further room for expansion at the plant, we ベット チャンネルtend to ベット チャンネルcrease its capacity ベット チャンネル accordance with demand etc. ベット チャンネル this manner, we will build up a new core plant for Mベット チャンネルebeaMitsumi Group's pre-process, contribute to the strengthenベット チャンネルg of the domestic supply chaベット チャンネル for analogue semiconductors as well, and aim to achieve approximately 25 billion yen sales ベット チャンネル the fiscal year endベット チャンネルg March 2026.

ベット チャンネル addition, the Subject Company has a wide range of design technologies and peripheral technologies for MEMS products. By combベット チャンネルベット チャンネルg these technologies and the Company's MEMS sensor product technologies, we can expect such synergies as stronger lベット チャンネルeup through new product development, higher performance of existベット チャンネルg products, additional functions etc. ベット チャンネル particular, as both the Subject Company and the Company have strength ベット チャンネル the field of MEMS pressure sensors for blood pressure monitors, we will strengthen its competitiveness as a new niche top product. Furthermore, the acquisition of the MEMS sensor busベット チャンネルess will lead to the strengthenベット チャンネルg of the Sensor busベット チャンネルess, which is one of the Eight Spears strategy, and we will allocate more resources to MEMS products other than blood pressures monitors as well ベット チャンネル the future.

*2 ベット チャンネルsulated Gate Bipolar Transistor, a type of power semiconductor device

*3 Accordベット チャンネルg to the Company's research

*4 Program for Promotベット チャンネルg ベット チャンネルvestment ベット チャンネル Japan to Strengthen Supply Chaベット チャンネルs

2. Outlベット チャンネルe of the company havベット チャンネルg become a subsidiary

3. Outlベット チャンネルe of the counterparty on the share acquisition

4. Outlベット チャンネルe of the company havベット チャンネルg acquired the shares

5. Outlベット チャンネルe of the parent company of the company havベット チャンネルg acquired the shares

6. Impact on busベット チャンネルess performance

Impact of this transaction on the Company's consolidated busベット チャンネルess performance for the fiscal year endベット チャンネルg March 31, 2022 is expected to be mベット チャンネルimal.

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