Taiwan's Yageo Corp. said that if it successfully acquires an artificial intelligence sensor manufacturer, it will maintain Japan's most advanced technology.
Comment from Yageo founder and chairman Pierre Chen is as Tokyo tries to balance shareholder returns while ensuring cutting-edge AI technology stays at home. Shibaura's high-precision thermistors are the key to monitoring the internal temperature of electronic devices to prevent overheating. This is especially important for AI, where data centers with large clusters of high-performance servers can be overwhelmingly eliminated.
“It is not Yazio's interest to see Shibaura's technology transfer to a country that Japan considers to be friendly,” Chen told reporters in Taipei on Saturday. “We put even more stringent control on technology and make sure it's not leaking.”
Yageo is facing Nintendo Co. Supplier Minebea Mitsumi Inc. and has bid for Shibaura, offering 6,200 yen per Sibaura stock. MineBea last offered 5,500 yen a share. Yageo's public offering period ends on June 19th, but Chen probably wouldn't say whether the company would consider extending it.
Chen said Yageo officials will meet with Shibaura Management in Tokyo in the week of June 16th to discuss the offer. According to Chen, the Taiwanese company has been in good communication with Japan's strong Ministry of Economy, Trade and Industry.
A Sibaura official declined to comment. Calls to METI outside of business hours were unanswered.
Yageo's bid for Shibaura sparked a backlash from Japanese business circles resisting acquisitions from foreign companies. Tokyo officials are also divided into these overtures. Regulators are trying to strengthen corporate transparency and shareholder interests by encouraging companies to unlock Cross's stock. However, that and the cheap yen make it easy to start acquiring Japanese companies.
With the support of the sea sea.
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