GEM Services Announces Joint Venture With Mitsubishi Electric to Build Power Semiconductor Modules in China
Wall Street Communications
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GEM Services, Inc.
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China and SHANGHAI, China. — Sep. 27, 2011
Services today announced that it is establishing a joint-venture
company with Mitsubishi Electric Corporation (TOKYO: 6503) to
manufacture energy-saving power semiconductor modules in China.
new company, Mitsubishi Electric GEM Power Device (Hefei) Co., Ltd.,
will begin operations in January 2012. Located in Hefei Economic &
Technological Development Area, Anhui Province, China, the company
plans to expand its workforce to about 800 by December 2015.
production build plan to begin this manufacturing joint venture will be
initially two to three different types of power module packages with
targeted applications in the consumer and industrial market segments.
joint venture with Mitsubishi Electric does significantly enhance our
manufacturing capabilities in the assembly and testing of
‘system-in-a-package’ power modules,” said Richard J. Kulle, president
and CEO, GEM Services. “With environmental and energy consciousness
growing globally, we see tremendous opportunities to expand our
business in the international market and the fast growing China
domestic market. We look forward to our business cooperation with
Mitsubishi Electric, a leader in the worldwide power device market, and
continuing our strategic plan to be a front runner in the outsourcing
manufacturing services industry in high-value-added power management
solutions with our global customers.”
GEM Services’ conventional
power packaging outsourcing business remains independent of the joint
venture with Mitsubishi Electric. GEM Services will continue to provide
its power semiconductor customers with the best-in-class quality and
Ownership of Mitsubishi Electric GEM
Power Device (Hefei) Co., Ltd. will be shared by Mitsubishi Electric
Corporation (70 percent), GEM Electronics (Shanghai) Co., Ltd. (20
percent), and Mitsubishi Electric (China) Co., Ltd. (10 percent).
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About Mitsubishi Electric
90 years of experience in providing reliable, high-quality products to
both corporate clients and general consumers all over the world,
Mitsubishi Electric Corporation (TOKYO: 6503) is a recognized world
leader in the manufacture, marketing, and sales of electrical and
electronic equipment used in information processing and communications,
space development and satellite communications, consumer electronics,
industrial technology, energy, transportation, and building equipment.
The company recorded consolidated group sales of 3,645.3 billion yen
(US$ 43.9 billion) in the fiscal year ended March 31, 2011. For more
information visit http://www.MitsubishiElectric.com.
About GEM Services, Inc.
business since 1998, GEM Services, Inc. provides total management of
semiconductor assembly and test. Specializing in power semiconductors
and modules, GEM Services offers complete backend services at its
manufacturing facilities in Asia. The company also provides turnkey
assembly of components and assemblies, packaging design, plus selection
and management of outsource manufacturing facilities through the
company’s network in the Pacific Rim. Further information is available