Royal Philips Electronics and Jilin Sino-Microelectronics Co Ltd (JSMC) today announced the establishment of a joint venture to develop, design and manufacture bipolar power products.
The new company, Philips Jilin Semiconductor Co Ltd, which is to be located in Jilin City, Jilin Province, China will serve Chinese and international 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 to markets that include consumer electronics, white goods, lighting and power supplies.
‘Philips has made substantial investments in China exceeding $ 2.5 billion, and we see the Jilin JV as a strategic continuation of this investment,’ said Scott McGregor, chief executive officer, Philips Semiconductors.
‘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.
‘We know that the technology, manufacturing and customer service expertise of the two companies will make a formidable combination,’ added McGregor.