2010.03.01

TOKYO (March 1, 2010) -- THine Electronics, Inc. (JASDAQ: 6769, “THine”), the global leader in high-speed serial interface and provider of mixed-signal LSI, today announces the establishment of Korean subsidiary in order to achieve its Business Strategy, “TACK123.”

 

1. Purpose of establishing the subsidiary

THine Electronics has started its new Business Strategy “TACK123” since this fiscal year, targeting business expansion in Asia, including Korean markets. In order to achieve the goal of “TACK123,” THine has decided to establish the Korean subsidiary, THine Electronics Korea, Inc. with the purpose to enhance Asian business capabilities as well as Taiwan subsidiary.

 

2. Outline of subsidiary to be established

(1) Company name: THine Electronics Korea, Inc.

(2) Representative: Fumitaka Nishikawa

(3) Head office location: Seoul, Korea

(4) Establishment date: March 10th, 2010 (Scheduled)

(5) Business content: Planning, designing, and sales of LSI

(6) Capital: 300 million won

(7) Shareholder: THine Electronics, Inc. (100%)

(8) Fiscal period December

(9) Business starting date: April 1st, 2010 (Scheduled)

* Schedules may be changed due to procedures.

 

About Business Strategy, “TACK123”

THine Electronics has started its new Business Strategy “TACK123” toward 2012 since this fiscal year.

“TACK” stands for “Toward Asia: China, Taiwan, and Korea,” and is also originally from the yacht “tack” action of going forward against the wind by changing the sailing direction. “TACK123” aims to expand our business by 2012 up to 3 times, cultivating our business relationships with Asian partners.

 

About THine Electronics

THine Electronics Incorporated is a fabless maker that provides innovative mixed signal LSI and analog technologies such as V-by-One®HS, LVDS, other high speed data signaling, timing controller, Analog-to-Digital Converter (ADC), Image Signal Processor (ISP), radio frequency (RF) and power management in growing niche markets for our customers’ solutions, targeting its strategic markets in flat TVs, LCD monitors, projectors, projection televisions, mobile phones, and automotive markets.

THine is headquartered in Tokyo, Japan, and has design centers in Kyoto and Kyushu, Japan, as well as subsidiaries in Tokyo and Taipei, Taiwan. THine Electronics is listed on the JASDAQ under the security code of 6769. For more information, please visit　www.thine.co.jp.

 

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