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Rohm to Buy Oki’s Chip Business Print E-mail
Written by Mike Buetow   
Thursday, 05 June 2008
TOKYORohm Co. will buy Oki Electric Industry Co.'s chip business for about 95 billion yen ($913 million) in a deal set to close by Oct. 1.
 
The terms of the deal call for Oki to spin off its chip business into a new company, then sell a 95% stake to Rohm.
 
The Oki semiconductor division makes LSI chips used mainly in consumer electronics.

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