TOKYO (January 5, 2018) – THine Electronics, Inc. (JASDAQ: 6769), the global leader in high-speed serial interface and provider of mixed-signal LSI, today announces that THine’s board of directors meeting has made a resolution to establish a subsidiary in the U.S.
1. Purpose of Establishment
According to the mid-term business strategy “J-SOAR” established in 2017, THine aims to accomplish consolidated gross profit of 2.6 Billion Yen and consolidated gross profit per employee of 18 Million Yen in 2019. THine places great emphasis on overseas business strategy in order to accomplish the above objectives, and made a resolution to establish a subsidiary in the U.S. in order to establish collaboration with partners for making reference designs to be used in the world and to strongly accelerate sales and technical support activities for customers in North America.
THine has also enhanced existing subsidiaries in Korea, China, and Taiwan, which are local sales offices. With the establishment of a subsidiary in the U.S., THine will more strongly enhance cooperation with local sales network and product development capability, and will reinforce development and sales for customers in the world.
2. Outline of Subsidiary (planned)
|(1) Name||THine Solutions, Inc.|
|(2) Location||California, United States of America|
|(3) Representative||CEO Yasuhiro Takada, CEO of THine Electronics, Inc.|
|(4) Capital||500 Thousand United States Dollars|
|(5) Establishment||First Quarter of 2018|
|(6) Shareholder||THine Electronics, Inc. 100%|
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, ISP, power management and drivers for LEDs and motors in growing niche markets for our customers’ solutions, targeting its strategic markets in flat screen TVs, smart phones, document processing, amusement, industrial application, and automotive markets. THine is headquartered in Tokyo, and has subsidiaries in Taipei, Seoul, Hong Kong, Shenzhen, and Shanghai. THine Electronics is listed on JASDAQ of Tokyo Stock Exchange under the security code of 6769. For more information, please visit https://www.thine.co.jp/en/.
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