Fujitsu planning to form semiconductor alliance

“From co-development to business integration, there are some potential ways for us to go. We are keeping our doors open on all options and our talks have not got into specifics yet,” Fujitsu Microelectronics president Haruki Okada said in an interview with Reuters news-agency.

The high-ranking executive indicated that the company was in talks with various chipmakers, including those in Japan as well as those abroad. The consultations were held amid warnings by Fujitsu that it would be uneasy to fulfill its promises regarding revenue targets and profitability as well as extended closures of semiconductor plant in Iwate prefecture due to earthquakes in June and July.

“There’s no denying that it is going to be tough to hit the targets. On top of a firmer yen, higher oil and raw materials prices, we've got earthquake damage to think about,” Mr. Okada is reported to have said.