Sony Corporation and Qimonda AG (NYSE: QI), a leading supplier of memory products, today announced that they have signed an agreement to found the joint venture Qreatic Design. The scope of the joint venture is the design of high-performance, low power, embedded and customer specific DRAMs for consumer and graphic applications.
According to the agreement, the 50:50 joint venture is intended to start with up to 30 specialists from Sony and Qimonda, bringing together their first-class engineering expertise for the mutual benefit of both companies. Qreatic Design, which will be located in Tokyo, Japan, is planned to start operations by the end of the calendar year, subject to regulatory approvals and other closing conditions, and to substantially expand its capacities by hiring additional designers.
As industry leading DRAM specialists, Qimonda possesses wide-ranging expertise
encompassing all aspects of DRAM technology, from design to fabrication. Meanwhile,
Sony continues to leverage its own DRAM expertise to develop unique solutions
specifically tailored to finished products. By combining both companies’ accumulated
technological knowledge and respective capabilities, the new joint venture will seek to
realize unparalleled custom DRAM design strength.
“We believe that the joint venture will support our future product design and solutions
development and will further pave the way for our product diversification in non-PC
applications“, said Kin Wah Loh, President and CEO of Qimonda. “The set up of a new design center in Tokyo in cooperation with Sony is a strategic step to accelerate the
worldwide R&D capabilities in that area. As Japan is an important and dynamic market
for us and shows excellent R&D talents especially in the consumer and graphic area,
we are glad to consistently expand our successful activities here.“
“We identified the establishment of a joint venture with Qimonda, a leader in the DRAM
field, as an ideal opportunity to extend the advanced DRAM design expertise with which
Sony has continued to generate added value in finished products into new business
areas”, said Yutaka Nakagawa, Executive Deputy President, Officer in charge of Sony’s
Semiconductor & Component Group (Semiconductor and Component). “We believe the
integration of both companies’ technological strengths will lead to unprecedented levels of creativity and design that will continue to develop in the future.”
Tsuyoshi Kashiwagi (Sony) has been appointed as President and CEO of Qreatic
Design, Thomas Seifert (Qimonda) as chairman of the board.-Sony
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