Fujitsu and Sumitomo form optical-component joint venture

April 2, 2004
San Jose, California, April 2, 2004--Fujitsu Quantum Devices Limited and the Electron Device Department of Sumitomo Electric Industries have consolidated their compound semiconductor device businesses into a joint venture company, Eudyna Devices.

San Jose, California, April 2, 2004--Fujitsu Quantum Devices Limited and the Electron Device Department of Sumitomo Electric Industries have consolidated their compound semiconductor device businesses into a joint venture company, Eudyna Devices. Eudyna Devices will develop, manufacture, and sell a variety of compound semiconductor devices for use in the data communications and telecommunications industry.

The commercial application of compound semiconductor devices is still expanding from its traditional telecommunications infrastructure market into more high-growth prospects such as access optical network, mobile handsets and digital home appliances, fiber to the premises, and enterprise applications, including wireless LAN. Specific products will include devices for fiber optic digital telecommunications applications in the 622 Mbs - 40 Gb/s range (laser diodes, receiver modules, GaAs ICs, LN modulators, XFPs, SFPs, and 300 pin MSA transponders), and analog lasers for CATV applications (broadcast and return path).

The chairman and CEO of Eudyna Devices is Masumi Fukuta (former president of Fujitsu Quantum Devices), and the president and COO is Nobuo Shiga (former Manager of Electron Device Department, Sumitomo Electric Industries). Capitalization is 19,500 million yen (US$188 million), and ownership is 50% Fujitsu and 50% Sumitomo Electric Industries. Eudyna Devices USA (formerly Fujitsu Compound Semiconductor) is headquartered in San Jose and is a wholly owned subsidiary of Eudyna Devices, serving as the company's North American sales, service, and design facility.

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