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GEM Services Announces Joint Venture With Mitsubishi Electric to Build Power Semiconductor Modules in China

Agency Contact:

Bob Decker
Wall Street Communications
+1 415 409 0233
bob.decker@wallstcom.com

GEM Services Contact:

Sharon Kimble
GEM Services, Inc.
+1 408 566 8866
sharon.kimble@gemservices.com

HEFEI, China and SHANGHAI, China. — Sep. 27, 2011 

GEM 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.

The 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.

The 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.

“Our 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 manufacturing services.

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
With 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.
In 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 at www.gemservices.com.
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