ABLIC Inc.

MinebeaMitsumi Inc. has completed the acquisition of ABLIC Inc., making it a wholly owned subsidiary. The share transfer agreement was signed with Development Bank of Japan (70%) and Seiko Instruments Inc. (30%).

MinebeaMitsumi has concluded a share transfer agreement to acquire ABLIC, a semiconductor manufacturer, making it a wholly owned subsidiary. Development Bank of Japan and Seiko Instruments are the sellers.

Toshiba Electronic Devices & Storage Corporation and ABLIC Inc. signed a memorandum of understanding to ally in the mixed signal IC business, aiming to combine Toshiba's microcontrollers and wireless communication ICs with ABLIC's power control ICs for IoT solutions.

SII Semiconductor Co., Ltd. changed its name to ABLIC Inc. on January 5, 2018. On the same day, Seiko Instruments Inc. transferred its shares to DBJ, making DBJ the majority shareholder with 70% ownership.