July 21, 2023 /SemiMedia/ -- According to Nikkei Asia, ROHM Semiconductor plans to provide a total of 300 billion yen ($2.16 billion) in funding to a consortium led by private equity firm Japan Industrial Partners (JIP) for the proposed acquisition of Toshiba Semiconductor.
ROHM Semiconductor decided at the recent board meeting that if the tender offer is successful, it will invest 100 billion yen in the investment fund led by JIP, and will also purchase 200 billion yen of preferred shares issued by affiliated companies established for the acquisition.
ROHM Semiconductor said its main goal is to participate in the privatization of Toshiba and help solve their problems.
Both ROHM Semiconductor and Toshiba make power semiconductor devices that help reduce power consumption in electric vehicles, appliances and other products. ROHM Semiconductor regards this area as a top priority, aiming to capture 30% of the global market share of silicon carbide power devices in fiscal year 2025.
ROHM Semiconductor said its business is highly compatible with Toshiba's semiconductor business and expressed interest in future cooperation. Potential areas of cooperation include materials procurement and semiconductor production.