Mitsubishi Electric recently announced that it will acquire plants and land from Sharp's Fukuyama Semiconductor Co., Ltd. for producing power control ICs.

Mitsubishi Electric pointed out that in order to meet the rising demand for power control chips, the company has begun to look for new production bases a few months ago. At present, it has reached a consensus with Sharp on the acquisition of part of the land and plant of Fukuyama Branch. The estimated investment amount is about 20 billion yen (including the cost of acquiring land, plant, existing equipment and future equipment investment costs), and the new plant is scheduled to be opened in November 2021.

In addition, according to Japanese media reports, after Mitsubishi Electric acquired Sharp's above-mentioned factory, its overall power control IC production capacity will be doubled to the present.