Murata Manufacturing Co., Ltd. and Nichicon Corporation today announced that they have signed a letter of intent that confirms Murata’s intent to transfer part of its power supply business to Nichicon. The two parties plan to execute a transfer agreement by the end of May 2017.
The scope of the transfer will include ac-dc switching power supplies aimed at markets such as office equipment, industrial electronics, home appliances, and arcades (excluding products for the projector and lighting markets and products designed by Murata Power Solutions Inc.) as well as high-voltage power supplies.
Designating the automotive, energy, and healthcare markets as its target markets, Murata is creating new business models and customer value in our aims of market diversification and growth, while expanding its business in market domains where it can show what sets Murata apart from our competitors.
Murata intends to revise its portfolio in the power module business and reallocate resources to its target markets in order to enhance its competitive edge and expand its business.
In the power module business, Murata will mainly focus on products like dc-dc converters and ac-dc switching power supplies for the energy, data communications, and server markets.