Rohm to Buy Oki’s Chip Business
Published: 05 June 2008
by Mike Buetow
TOKYO – Rohm 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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