The 50:50 joint venture, dubbed Qreatic Design, will initially employ up to 30 specialists from Sony and Qimonda
Located in Tokyo, Japan, Qreatic Design plans to start operations by the end of the calendar year, subject to regulatory approvals and other closing conditions, and then to expand its capacities by hiring additional designers.
‘We believe that the joint venture will pave the way for our product diversification in non-PC applications’, said Kin Wah Loh, President and CEO of Qimonda. ‘The set up of a new design centre in Tokyo in cooperation with Sony is a strategic step to accelerate our worldwide R&D capabilities in that area.’
Sony’s Tsuyoshi Kashiwagihas been appointed as president and CEO of Qreatic Design, whilst Qimonda’s Thomas Seifert is the chairman of the board.