JVC Transfers PCB Business to Meiko
Published: 30 January 2008
by Staff
YOKOHAMA, JAPAN -- Victor Company of Japan, Limited (JVC) plans to transfer the JVC circuit board business to Meiko Electronics Co., Ltd. effective March 31, 2008. Financial details were not disclosed at this time.
The move according to the company will allow JVC to better focus on the core businesses of consumer electronics, professional electronics and entertainment.
The transfer of the PCB business to Meiko addresses its strategy to expand into the high-end and module package board market. The transfer includes intellectual property in the form of the Victor Interconnect Layer (VIL) process, a build-up process that is well suited for ultra thin HDI products.
The JVC PCB business did 5,528 million Yen in sales in the year ending March 2007. Assets at the closer of 2007 were recorded as 1,225 million Yen. There are 150 JVC employees who will resign from JVC and be hired by Meiko as part of this transfer.
