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Conclusion of Agreement to Transfer Shares of NEC Toppan Circuit Solutions, Inc.

Entered into share transfer agreement to transfer all shares to Kyocera

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Toppan Printing Co., Ltd., NEC Corporation and Kyocera Corporation have entered into a share transfer agreement to transfer to Kyocera all shares of NEC Toppan Circuit Solutions, Inc. (TNCSi), a Toppan Printing subsidiary that manufactures printed wiring boards. Toppan Printing Co., Ltd. had owned 55% of the shares, and NEC Corporation the remaining 45%.

Toppan Printing conducts semiconductor-related business including the manufacture of photomasks, in which the company enjoys a large global market share, and package substrates. This reorganization will enable Toppan to concentrate management resources on the FC-BGA substrate market, which is considered to have significant growth potential due to factors such as the miniaturization of semiconductors.

Toppan will pursue further expansion of its semiconductor-related business by providing customers with a comprehensive service from photomasks used in front-end processes of semiconductor manufacture to package substrates for back-end processes.

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