March 4th, 2022
ROHM Co., Ltd (hereinafter, "ROHM") has reached a final agreement on the transfer of assets related to the tantalum capacitor business to KYOCERA AVX Components Corporation (hereinafter, "KAVX").
1. Background and Purpose
Currently, we are working to achieve growth in our focus areas and build a solid management foundation for further growth based on our "Management Vision" and "Medium-term Management Plan."
Under these circumstances, we have reached an agreement on the transfer of the tantalum capacitor business to KAVX, a major player in the industry, based on the judgment that the transfer of the business assets will enable us to concentrate our resources on our focus areas and at the same time fulfill our responsibility to supply our customers.
2. About the Transfer
Content of the agreement between ROHM and KAVX is as follows.
(1) ROHM will transfer its business assets, including manufacturing lines and intellectual property related to tantalum capacitor products, to KAVX.
(2) ROHM will produce the relevant products and supply them to KAVX until the transfer of the relevant production line to KAVX's manufacturing site is completed.
This transfer is scheduled to be executed on August 5, 2022.
【Overview of KYOCERA AVX Components Corporation】
|（1）Address||One AVX Boulevard|
Fountain Inn, SC 29644
|（2）Representative||John Sarvis, CEO|
|（3）Description of Business||Leading global manufacturer of advanced electronic components|