12/1/2003 - Royal Philips Electronics (NYSE: PHG, AEX: PHI) and Jilin Sino-Microelectronics Co. Ltd (JSMC) announced the establishment of a joint venture to develop, design and manufacture bipolar power products to be marketed and sold by the parent companies. The official signing ceremony of this joint venture takes place while Philips' Group Management Committee is currently in China to explore the future growth potential for Philips. Financial details are not disclosed.
The new company, Philips Jilin Semiconductor Co. Ltd, which is to be located in Jilin City, Jilin Province in China, will serve the international and domestic markets, focusing on bipolar power products ranging from epitaxial diodes, deflection transistors, damper diodes, triacs and thyristors. The new joint venture is expected to begin operations mid-2004, supplying highly competitive, high quality products in markets including consumer electronics, white goods, lighting, power supplies and industrial.
Philips Semiconductors, one of the world’s largest suppliers of power products to the electronics industry, has been leading in power product development for more than 20 years, bringing process and manufacturing innovations to the market. JSMC – one of the largest power transistor manufacturers in China – is an important supplier to the manufacturers of television sets, telecommunications equipment, computer hardware and automation machinery.
“Philips has made substantial investments in China exceeding US$ 2.5 billion, and we see the Jilin JV as a strategic continuation of this investment. JSMC has demonstrated its ability to quickly build and ramp-up production of a state-of-the art facility, and the plant location allows us to tap the skills and experience of the people in the region,” stated Scott McGregor, chief executive officer, Philips Semiconductors. “We know that the technology, manufacturing and customer service expertise of the two companies will make a formidable combination."
"Philips has been a leader in the power arena for more than 20 years, bringing a unique blend of innovative processes, manufacturing capabilities and advanced product development to the industry," said Xia Zengwen, Chairman, JSMC. “JSMC is one of the largest power semiconductor suppliers in China with strong development potential in this area. The win-win collaboration between Philips and JSMC combines the expertise of both companies to provide high-quality and competitive bipolar power products to address the needs of the electronic product manufacturers around the world.”
Jilin Sino-Microelectronics Co., Ltd., (JSMC), was established in 1999 and listed in Shanghai Exchange in March 2001. It is one of the most important power semiconductor suppliers in China with strong strength in design, development, production, packaging/testing, sales and after-sale service. Its customers are known manufacturers of color TV set, lighting, computer and communications equipment in China. JSMC has the wafer manufacturing capacity of one million slices per year and the assembly/test capacity of 600 million units per year. JSMC’s products have reached IEC standards and passed ISO9001 Quality System Certification as well as ISO140001 Environment Management Certification.
About Royal Philips Electronics
Royal Philips Electronics of the Netherlands is one of the world's biggest electronics companies and Europe's largest, with sales of EUR 31.8 billion in 2002. It is a global leader in color television sets, lighting, electric shavers, medical diagnostic imaging and patient monitoring, and one-chip TV products. Its 166,500 employees in more than 60 countries are active in the areas of lighting, consumer electronics, domestic appliances, components, semiconductors, and medical systems. Philips is quoted on the NYSE (symbol: PHG), London, Frankfurt, Amsterdam and other stock exchanges. News from Philips is located at www.semiconductors.philips.com.
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