Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that it will establish a semiconductor solutions center (“Nidec Semiconductor Solutions Center”) on May 16.
Outlook of Nidec Semiconductor Solutions Center:
|- Address:||2-8, Shin-Kawasaki, Saiwai-ku, Kawasaki-shi, Kanagawa, 212-0032 Japan (inside Nidec Research and Development Center, Japan)|
|- Director:||Ryuji Omura|
|- Businesses:||1) Building a strong partnership with semiconductor suppliers;
2) Establishing a sustainable supply chain of semiconductors inside and outside the Nidec Group in anticipation of geopolitical risks and other contingencies; and
3) Creating synergies between semiconductors and motors to provide high-value-added solutions.
Background and purpose of establishing Nidec Semiconductor Solutions Center:
The global semiconductor shortage, which evolved from the current unstable state of the world, the pandemic, and natural disasters, is expected to improve somewhat in 2022. Nonetheless, in the wake of the global increase in demand and the COVID-incurred effects to production among other reasons, the future of the environment surrounding the semiconductor industry is more uncertain than ever. Nidec Semiconductor Solutions Center, to be established newly, will build a strategic partnership with suppliers and a sustainable supply chain of semiconductors that is capable of responding to all risks, to secure a stable production and delivery of our company’s products. Further, by producing main semiconductors in-house (including their development and licensed manufacturing), we will provide high-value-added intelligent motor solutions that contribute to the conservation of the global environment.
As the world’s leading comprehensive motor manufacturer, Nidec stays committed to giving the world socially indispensable products.
Cautionary Statement Concerning Forward-Looking Information
This press release contains forward-looking statements regarding the intent, belief, strategy, plans or expectations of the Nidec Group or other parties. Such forward-looking statements are not guarantees of future performance or events and involve risks and uncertainties. Actual results may differ materially from those described in such forward-looking statements as a result of various factors, including, but not limited to, the risks to successfully integrating the acquired business with the Nidec Group, the anticipated benefits of the Transaction not being realized, changes in general economic conditions, shifts in technology or user preferences for particular technologies and changes in business and regulatory environments. The Nidec Group does not undertake any obligation to update the forward-looking statements contained herein or the reasons why actual results could differ from those projected in the forward-looking statements except as may be required by law.