Humpuss joins with Japanese giants
Humpuss joins with Japanese giants
JAKARTA (JP): The NEC Corporation and The Sumitomo Corporation
of Japan signed an agreement with PT Humpuss Elektronika here
yesterday to establish a semiconductor assembly plant in Bekasi,
West Java, with an investment of US$60 million.
"The plant, which will be operated by a joint venture company,
PT NEC Humpuss Semiconductors Indonesia, will have a monthly
output of 15 million linear integrated circuits (ICs) and 100
million signal transistors," said the senior vice president of
NEC Corporation, Yuichi Haneta, at the signing ceremony at the
Mercantile Club here.
ICs and signal transistors are used for the manufacture of
televisions, video cassette recorders, personal computers and
other home appliances.
The investment capital of the new company is set at $15.4
million, of which 65 percent will be provided by NEC, 25 percent
by Humpuss Elektronika and 10 percent by Sumitomo.
NEC Humpuss Semiconductors will invest $45 million for the
construction of the factory to be built on a 100,000-square-meter
area at the East Jakarta Industrial Park.
Chairman of the Humpuss Group Hutomo (Tommy) Mandala Putra
told the press that the arrangement of the joint venture was
initiated three years ago.
He said Humpuss and NEC had earlier set up a joint venture
company to produce switchings, downstream products of ICs, near
the industrial park.
The president of Humpuss Elektronika, Agus P. Soeroso, said
the long negotiations on the establishment of NEC Humpuss
Semiconductors were aimed to ensure the marketing of its
products. "We are now convinced that all the output of the joint
venture company will be bought by NEC's worldwide network,"
Soeroso said.
NEC groups 211 associated companies in Japan and overseas.
Haneta said surging demand for personal computers and all
types of multimedia related products led the semiconductor market
to grow by 30 percent in 1994. He estimated that in 1995 the
demand will increase by 40 percent.
NEC Humpuss Semiconductors will be the third semiconductor
company in the country after PT Astra Microtronics Technology and
the Sharp Corporation.
Astra Microtronics Technology, operating in Batam, Riau, is a
joint venture established in 1990 by PT Astra Graphia and two
Singaporean firms.
A public relation officer of PT Astra International told the
Post yesterday that Astra Microtronics Technology last year
produced 236 million ICs and exported them to earn some $42
million.
Sharp Corporation operates its plant in Karawang, West Java.
The company announced early last month that it would initially
produce 20 million semiconductors, including ICs and opto-device
components per month next year.
All the materials and components for the production of
semiconductors by NEC Humpuss Semiconductors Indonesia, Astra
Microtronics Technologyy and Sharp are imported from Japan. (kod)