OKI to Spin-Off Semiconductor Business, Sell to ROHM

Oki Electric Industry Co., Ltd. announced plans to spin-off its semiconductor business as a new company effective 01-October-2008.


Oki also confirmed plans to sell up to 95% of the shares in the new company to ROHM, Japan's eighth largest semiconductor firm.


The independent Oki Semiconductor Company will have approximately 6,000 employees and be based in Tokyo.


http://www.oki.comhttp://www.rohm.com