Product category: Analogue and Mixed Signal ICs
News Release from: NXP (formerly Philips Semiconductors)
Edited by the Electronicstalk Editorial Team on 29 January 2002
Philips and Mitsumi in analogue accord
Philips Semiconductors and Mitsumi Electric have entered into a joint agreement covering planned collaborations on development, manufacturing, marketing and sales of analogue and mixed-signal ICs
This agreement expands the existing relationship between these two companies under a previously signed manufacturing services and resale agreement. It also strengthens their strategic relationship for new product development and business growth. Philips Semiconductors and Mitsumi Electric have historically concentrated in different areas of the standard analogue market.
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Under the terms of the agreement, they will cross-sell existing product lines from the other company.
As new products are developed jointly in the future, both companies will hold intellectual property rights and have the right to sell the products through their respective channels.
"We are excited to further expand our collaboration with Philips Semiconductors, one of the worldwide leaders in analogue sales", said Isao Sato, vice president and general manager of Mitsumi Semiconductor Division.
"Mitsumi and Philips have complementary strengths in wafer processing and applications.
This collaboration will yield significant operating synergies for both companies".
"Philips Semiconductors has established a strong standard analog portfolio and this agreement has the potential to create exciting new opportunities for both companies", said Ben Adamo, vice president and general manager, Standard Analog Business Line, Philips Semiconductors.
"We have demonstrated that working with Mitsumi Electric has benefits to both companies and we are pleased to expand the relationship".
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