Latest news with #PierreChen
Japan Times
17 hours ago
- Business
- Japan Times
Taiwan's Yageo plans to keep Shibaura's AI technology in Japan
Taiwan's Yageo said it would keep Shibaura Electronics's most advanced technology in Japan if it successfully acquires the artificial intelligence sensor maker. The comments from Yageo founder and Chairman Pierre Chen come as Tokyo seeks to strike a balance between shareholder returns while ensuring cutting-edge AI technology stays at home. Shibaura's high-precision thermistors are key for monitoring the internal temperature of electronic devices to prevent overheating. That's especially important in AI, where data centers with large clusters of high-performance servers churn through troves of data. "It is not in Yageo's interest to see Shibaura's technology transfer to countries that Japan considers to be unfriendly,' Chen told reporters in Taipei on Saturday. "We will impose even stricter controls on the technology to make sure it doesn't get leaked.' Yageo is facing off against Nintendo supplier Minebea Mitsumi in its bid for Shibaura and is offering ¥6,200 for each Shibaura share. Minebea last offered ¥5,500 a share. Yageo's tender offer period ends June 19, though Chen wouldn't say if the company would consider an extension. Chen said Yageo officials will meet Shibaura management in Tokyo during the week of June 16 to discuss the offer. The Taiwanese company has had good communications with Japan's powerful Ministry of Economy, Trade and Industry, according to Chen. A Shibaura official declined to comment. Calls to METI outside business hours went unanswered. Yageo's bid for Shibaura has triggered a backlash in some Japanese business circles resistant to takeover bids from foreign companies. Tokyo officials are also split on such overtures. Regulators are trying to bolster corporate transparency and shareholder returns by encouraging companies to unwind cross shareholdings. But that — and a cheap yen — is also making it easier to initiate takeovers of Japanese companies.
CNA
2 days ago
- Business
- CNA
Yageo says it will protect technology if Shibaura purchase succeeds
TAIPEI/TOKYO :Taiwan's Yageo said it will implement strict controls to prevent technology from leaking if it succeeds in acquiring Japan's Shibaura Electronics, responding to concerns in Japan over what the deal could mean for national security. Chairman Pierre Chen told reporters in Taipei on Saturday that the company will meet with Shibaura in mid-June in Tokyo to discuss potential cooperation. Yageo, the world's largest maker of chip resistors, launched an unsolicited tender offer for Shibaura in February, seeking full control of the Japanese firm, which specialises in thermistor technology. Yageo offered to buy Shibaura at 4,300 yen per share, valuing the company at more than 65 billion yen ($450 million). Spurning Yageo's overture, Shibaura tapped Japanese components supplier Minebea Mitsumi as a white knight. Minebea and Yageo entered a bidding war, with the latter now offering 6,200 yen. The stock closed at 6,100 yen on Friday. "Our strategy is to inject resources and strengthen R&D for advanced technologies. We're also preparing to make larger investments to expand their facilities in Japan," Chen said. Asked about Japan's national security concerns, he said: "We will implement strict controls to ensure technology does not leak." Unsolicited takeovers were once rare in Japan, where companies often mounted elaborate defences. The Japanese industry ministry's M&A guidelines in 2023 cracked down on what it considered excessive defence tactics, de-stigmatising unsolicited buyouts and leading some of such deals to succeed. Chen said that negotiations with Japan's Ministry of Economy, Trade and Industry had been going smoothly. He said that if Yageo acquires Shibaura, the deal would address a gap in its portfolio of thermistors, making Yageo's offerings more complete for global customers and helping Shibaura expand its access to markets outside of Japan. Yageo said it aims to ease the burden of managing smaller component suppliers for its major clients, including Apple and Nvidia, by offering more comprehensive product portfolios and solutions. Yageo is also the world's number three manufacturers of multilayer ceramic capacitors and provides key components used in Apple's iPhones, Nvidia's AI servers, and Tesla's electric vehicles. ($1 = 144.8500 yen)
The Star
2 days ago
- Business
- The Star
Yageo says it will protect technology if Shibaura purchase succeeds
Yageo's founder and Chairman Pierre Chen speaks at the company's headquarters in New Taipei City, Taiwan June 7, 2025. REUTERS/Wen-Yee Lee TAIPEI/TOKYO (Reuters) -Taiwan's Yageo said it will implement strict controls to prevent technology from leaking if it succeeds in acquiring Japan's Shibaura Electronics, responding to concerns in Japan over what the deal could mean for national security. Chairman Pierre Chen told reporters in Taipei on Saturday that the company will meet with Shibaura in mid-June in Tokyo to discuss potential cooperation. Yageo, the world's largest maker of chip resistors, launched an unsolicited tender offer for Shibaura in February, seeking full control of the Japanese firm, which specialises in thermistor technology. Yageo offered to buy Shibaura at 4,300 yen per share, valuing the company at more than 65 billion yen ($450 million). Spurning Yageo's overture, Shibaura tapped Japanese components supplier Minebea Mitsumi as a white knight. Minebea and Yageo entered a bidding war, with the latter now offering 6,200 yen. The stock closed at 6,100 yen on Friday. "Our strategy is to inject resources and strengthen R&D for advanced technologies. We're also preparing to make larger investments to expand their facilities in Japan," Chen said. Asked about Japan's national security concerns, he said: "We will implement strict controls to ensure technology does not leak." Unsolicited takeovers were once rare in Japan, where companies often mounted elaborate defences. The Japanese industry ministry's M&A guidelines in 2023 cracked down on what it considered excessive defence tactics, de-stigmatising unsolicited buyouts and leading some of such deals to succeed. Chen said that negotiations with Japan's Ministry of Economy, Trade and Industry had been going smoothly. He said that if Yageo acquires Shibaura, the deal would address a gap in its portfolio of thermistors, making Yageo's offerings more complete for global customers and helping Shibaura expand its access to markets outside of Japan. Yageo said it aims to ease the burden of managing smaller component suppliers for its major clients, including Apple and Nvidia, by offering more comprehensive product portfolios and solutions. Yageo is also the world's number three manufacturers of multilayer ceramic capacitors and provides key components used in Apple's iPhones, Nvidia's AI servers, and Tesla's electric vehicles. ($1 = 144.8500 yen) (Reporting by Wen-Yee Lee in Taipei and Makiko Yamazaki in Tokyo; Editing by William Mallard)
CNA
2 days ago
- Business
- CNA
Yageo says will protect technology in Shibaura Electronics deal
TAIPEI/TOKYO :Taiwan's Yageo said it will implement strict controls to prevent technology from leaking if it succeeds in acquiring Japan's Shibaura Electronics, responding to concerns in Japan over what the deal could mean for national security. Chairman Pierre Chen told reporters in Taipei on Saturday that the company will meet with Shibaura in mid-June in Tokyo to discuss potential cooperation. Yageo, the world's largest maker of chip resistors, launched an unsolicited tender offer for Shibaura in February, seeking full control of the Japanese firm, which specialises in thermistor technology. Yageo offered to buy Shibaura at 4,300 yen per share, valuing the company at more than 65 billion yen ($450 million). Spurning Yageo's overture, Shibaura tapped Japanese components supplier Minebea Mitsumi as a white knight. Minebea and Yageo entered a bidding war, with the latter now offering 6,200 yen. The stock closed at 6,100 yen on Friday. "Our strategy is to inject resources and strengthen R&D for advanced technologies. We're also preparing to make larger investments to expand their facilities in Japan," Chen said. Asked about Japan's national security concerns, he said: "We will implement strict controls to ensure technology does not leak." Unsolicited takeovers were once rare in Japan, where companies often mounted elaborate defences. The Japanese industry ministry's M&A guidelines in 2023 cracked down on what it considered excessive defence tactics, de-stigmatising unsolicited buyouts and leading some of such deals to succeed. Chen said that negotiations with Japan's Ministry of Economy, Trade and Industry had been going smoothly. He said that if Yageo acquires Shibaura, the deal would address a gap in its portfolio of thermistors, making Yageo's offerings more complete for global customers and helping Shibaura expand its access to markets outside of Japan. Yageo said it aims to ease the burden of managing smaller component suppliers for its major clients, including Apple and Nvidia, by offering more comprehensive product portfolios and solutions. Yageo is also the world's number three manufacturers of multilayer ceramic capacitors and provides key components used in Apple's iPhones, Nvidia's AI servers, and Tesla's electric vehicles. ($1 = 144.8500 yen)
Mint
2 days ago
- Business
- Mint
Taiwan's Yageo Plans to Keep Shibaura's AI Technology in Japan
Taiwan's Yageo Corp. said it would keep Shibaura Electronics Co.'s most advanced technology in Japan if it successfully acquires the artificial intelligence sensor maker. The comments from Yageo founder and Chairman Pierre Chen come as Tokyo seeks to strike a balance between shareholder returns while ensuring cutting-edge AI technology stays at home. Shibaura's high-precision thermistors are key for monitoring the internal temperature of electronic devices to prevent overheating. That's especially important in AI, where data centers with large clusters of high-performance servers churn through troves of data. 'It is not in Yageo's interest to see Shibaura's technology transfer to countries that Japan considers to be unfriendly,' Chen told reporters in Taipei on Saturday. 'We will impose even stricter controls on the technology to make sure it doesn't get leaked.' Yageo is facing off against Nintendo Co. supplier Minebea Mitsumi Inc. in its bid for Shibaura and is offering ¥6,200 for each Shibaura share. Minebea last offered ¥5,500 a share. Yageo's tender offer period ends June 19, though Chen wouldn't say if the company would consider an extension. Chen said Yageo officials will meet Shibaura management in Tokyo during the week of June 16 to discuss the offer. The Taiwanese company has had good communications with Japan's powerful Ministry of Economy, Trade and Industry, according to Chen. A Shibaura official declined to comment. Calls to METI outside business hours went unanswered. Yageo's bid for Shibaura has triggered a backlash in some Japanese business circles resistant to takeover bids from foreign companies. Tokyo officials are also split on such overtures. Regulators are trying to bolster corporate transparency and shareholder returns by encouraging companies to unwind cross shareholdings. But that — and a cheap yen — is also making it easier to initiate takeovers of Japanese companies. With assistance from Mayumi Negishi. This article was generated from an automated news agency feed without modifications to text.
