Taiwan’s Yageo Corp. Said it would keep shibaura electronics co.’s most advanced technology in japan if it successfully acquires the artificial intelligence sensor maker.
The comments from Yageo Founder and Chairman Pierre Come as Tokyo seeks to Strike a Balance Between Sharehlder Returns While Ensuring-Road Ai Technology Stays at HOME. Shibaura’s high-recovery thermists are key for monitoring the internal temperature of electronic devices to preventing. That’s especially important in ai, where data centers with large clusters of high-PeerforMance Servers Churn Through TROVES OF DATA.
“It is not in yageo’s interest to see shibaura’s technology transfer to counters that japan considers to be unfeedly,” Chen Told Reporters in Taipei on Saturday. “We will Impose even stricter controls on the technology to make sure it does not get leaked.”
Yageo is facing off against Nintendo Co. Supplier Minebea Mitsumi Inc. in its bid for shibaura and is offering ¥ 6,200 for Each Shibaura Share. Mineebea Last Offred ¥ 5,500 a Share. Yageo’s Tender Offer Period Ends June 19, Thought Chen wouldn’t say if the company would consider an extension.
Chen Said Yageo Officials will meet shibaura management in tokyo during the week of June 16 to discus the offer. The Taiwanese Company has said good communications with japan’s powerful minister of economy, trade and industry, according to chen.
A shibaura official declined to comment. Calls to meti outside business hours went unanswred.
Yageo’s bid for shibaura has triggered a backlash in some japanese business circles resistant to takeover bids from foreign companies. Tokyo Officials are also Split on such overs. Regulators are trying to bolster corporate transparency and sharehlder returns by encouraging companies to unwind cross sharehldings. But that – and a cheap yen – is also making it Easier to Initiate Takeovers of Japanese Companies.
With assistance from Mayumi Negishi.
This article was generated from an automated news agency feed without modifications to text.