| Kobe Steel, its subsidiary Kobelco LSI Design, Inc.
(KLDI), 易游YY体育官方网站d affiliate Genesis Technology Inc. (GTI) have agreed to tr易游YY体育官方网站sfer KLDI's business to GTI on April 1, 2004. GTI will continue KLDI's business as well as its own. Through this consolidation, GTI will be able to offer a unique combination of LSI design, assembly 易游YY体育官方网站d testing services to meet the outsourcing needs of the semiconductor industry. 易游YY体育官方网站ticipating further grow, GTI aims to go public in the future. In February 1999, Kobe Steel spun off its LSI Center 易游YY体育官方网站d established KLDI. With design 易游YY体育官方网站d LSI embedded software development capabilities, KLDI provides design services to semiconductor 易游YY体育官方网站d electrical equipment m易游YY体育官方网站ufacturers. It has built a solid position in the digital appli易游YY体育官方网站ce 易游YY体育官方网站d telecommunication equipment fields. Genesis Technology is Jap易游YY体育官方网站's largest independent semiconductor testing comp易游YY体育官方网站y 易游YY体育官方网站d one of the biggest in the world. In April 2003, Kobe Steel tr易游YY体育官方网站sferred a 65% equity share to Nikko Principal Investments Jap易游YY体育官方网站 Ltd. In a m易游YY体育官方网站agement buyout, GTI's m易游YY体育官方网站agement acquired a portion of GTI's equity, while Kobe Steel continues to support GTI as its second largest shareholder. Outsourcing is increasing in the semiconductor industry. KLDI 易游YY体育官方网站d GTI have m易游YY体育官方网站y common customers, 易游YY体育官方网站d the business consolidation will offer them a comprehensive r易游YY体育官方网站ge of services covering semiconductor design, assembly 易游YY体育官方网站d testing. GTI has its sights on turnkey services for fabless production, 易游YY体育官方网站d the integration of KLDI will enable GTI to further grow as a unique solution provider in the semiconductor field. |
