Cooperation is broken! The CEO of SBI Holdings in Japan criticizes Power Semiconductor for being dishonest

Large wafer furnacePower semiconductorsRecently, the semiconductor collaboration with Japan’s SBI Holdings was terminated Facebook He accused Power Semiconductor of being dishonest, and also said that the Analects of Confucius said, “No trust, no foundation.” He lamented that Power Semiconductor was amazing.

Nikkei reported that SBI Holdings has decided to terminate its semiconductor cooperation agreement with Power Semiconductor Manufacturing Co., Ltd. (Power Semiconductor Manufacturing Co., Ltd., PSMC). Power Semiconductor told SBI that it could not bear the business risks due to a decline in performance, and SBI would continue to build factories, find new partners, and restructure the group.

Power Semiconductor Manufacturing Co., Ltd explained on the same day that the case was a Fab IP model. side SBI applied for a factory subsidy from the Ministry of Economy, Trade and Industry in Japan and received support from the Japanese government However, the policy of the Ministry of Economy, Trade and Industry states that the manufacturers must which is subsidized to ensure continued mass production. the new factory for ten years However, SBI, which is in the financial industry, has no experience in the semiconductor industry.

Power Semiconductor Manufacturing Co., Ltd. is a Taiwan stock-listed company, but committing to operate a new factory in Japan that does not have ownership is against China’s securities and exchange laws .’ The board of directors confirmed that the cooperation plan had been finalized and sent staff to the Ministry of Economy, Trade and Industry to talk to the officials in charge of the explanation and sent a letter to SBI too.

But Yoshitaka Kitao blasted Power Semiconductor for being dishonest:

SBI has so far established joint ventures (Joint Ventures, JV) with many companies and achieved success. However, this time the semiconductor joint venture finally ended the partnership. I think it was a good wish to build a partnership before it was hit hard.

Looking back, we have dissolved two joint ventures in the past. The first is Forex Bank, which was founded in October 1998 by the American Sonnet Financial Company, which is an online foreign exchange and compensation service company. The other is E-Bond Securities, which was founded by Lehman Brothers Securities in October 1999, and is an online small bond trading business. But as Torao Aoki said, one step ahead of the rest of the world is not enough, half a step is enough. The life-view relationship is difficult at any time. The two joint ventures were at the forefront of the times at that time, it was considered that there was no hope of success in the business, and the collaboration was finally terminated after full consultation between the two parties. However, this time we made a lot of concessions, but we had to end our cooperation almost unilaterally This is the first time.

We also explained in detail the conditions for providing subsidies from the Japanese government to each other Chairman Frank and I met with important figures from the government. But now the other party claims that Taiwan’s laws cannot bear the risk, which is unbelievable. Looking back at the “Memorandum of Understanding”, he and I gave two presentations last year, “About preparation companies for the establishment of semiconductor foundries” (July 5) and “About the construction site in observation and the current operating plan of a semiconductor foundry” (October 31), as well as recording the briefing of President Frank Not only did the other party change their commitments, they are also very dishonest.

Nothing can be established without faith (The Analects of Confucius, Yan Yuan, Chapter 12, No. 7), so I am lucky not to cooperate with such a company. However, the Ministry of Economy, Trade and Industry and many members of the Diet have supported this issue in various forms. Governor Yoshihiro Murai and the people of Miyagi Prefecture also have high expectations. In these circumstances, it is inconceivable that PSMC can live up to their expectations. Although I usually think it’s the right thing to do and quickly change my mind, after seeing the other party’s press release, I feel good sorry for those who have worked so hard to achieve their goals, so I write this.

(Original image source: Power Semiconductor)