Aug 17th - Toshiba establishes semiconductor design house joint venture in Brazil

Toshiba Corp has established a semiconductor design house, STI Semiconductor Design Brasil Ltda, as a joint venture with Semp Toshiba Informática Ltda (STIL), a Brazilian Toshiba affiliate. The joint venture is based on the memorandum of understanding signed on Dec 3 last year, under the framework for reinforcing cooperation in economic and industrial development between the Brazilian and Japanese governments, including the cultivation of a Brazilian semiconductor industry.

The new company will initially design radio frequency ICs, widely used devices that are expected to see demand growth in Brazil.