28.08.2003 – 08:48

Fujitsu Limited

euro adhoc: Fujitsu Limited
Restructuring & Recapitalisations / Fujitsu to Consolidate Its Japan-Based Semiconductor Assembly and Testing Operations (E)

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Fujitsu to Consolidate Its Japan-Based Semiconductor Assembly and
Testing Operations

Tokyo, August 27, 2003 - Fujitsu Limited today announced that it will
consolidate its four semiconductor back-end assembly and testing
subsidiaries in Japan into one newly-established company with four
facilities.  The new company, Fujitsu Integrated Microtechnology
Limited, will focus on the back-end assembly and testing of logic
chips, integrating the unique product lines and technological
strengths of each of the four units into one highly competitive
organization with improved efficiencies.

Under this reorganization, Fujitsu Tohoku Electronics Limited will be
the surviving corporate entity under a new name, into which will be
consolidated Fujitsu Miyagi Electronics Limited, Kyushu Fujitsu
Electronics Limited, and the manufacturing operations in Gifu
Prefecture of Fujitsu VLSI Limited, creating one integrated company
focused on back-end fabrication.

Using Fujitsu's highly advanced chip package technology as a base,
the new company will offer a variety of assembly and testing
services, extending from high-end chip packages for servers and
networking equipment, to commodity and multi-chip packages for
digital audio-video equipment, mobile phones, and in-car systems.

Through higher efficiencies in R&D and production, improved cost
competitiveness, and enhanced services, Fujitsu's goal in this
reorganization of its back-end fabrication is to deliver optimal chip
package solutions to its customers.

Overview of the New Company

Company Name:      Fujitsu Integrated Microtechnology Limited 
                   (tentative)

President:         Mr. Teiichi Endo (tentative)
                   (current president of Fujitsu Tohoku Electronics 
                   Limited)

Capital:           450 million yen

Equity Structure:  Wholly owned subsidiary of Fujitsu Limited

Address:           4 Kogyodanchi, Monden-machi, Aizu-Wakamatsu, 
                   Fukushima Prefecture, Japan

Revenue:           Approximately 31 billion yen (FY2003 second-half)

Date of Establishment:  October 1, 2003 (tentative)

About Fujitsu

Fujitsu is a leading provider of customer-focused IT and
communications solutions for the global marketplace.  Pace-setting
technologies, highly reliable computing and telecommunications
platforms, and a worldwide corps of systems and services experts
uniquely position Fujitsu to deliver comprehensive solutions that
open up infinite possibilities for its customers' success.
Headquartered in Tokyo, Fujitsu Limited (TSE:6702) reported
consolidated revenues of 4.6 trillion yen (US$38 billion) for the
fiscal year ended March 31, 2003.

This information is provided by RNS
            The company news service from the London Stock Exchange

end of announcement        euro adhoc 28.08.2003

Further inquiry note:

For more information, please see: www.fujitsu.com

Branche: Hardware
ISIN: JP3818000006
WKN: 0354912
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