OMRON Finalizes Acquisition of Semiconductor Business Assets from Seiko Epson Subsidiary - OMRON SEMICONDUCTORS Co., Ltd. to Begin Operations on April 2 -

FOR IMMEDIATE RELEASEMarch 30, 2007

Tokyo, Japan - OMRON Corporation (TSE: 6645; ADR: OMRNY; 'OMRON'), a global leader in automation, sensing and control technology, announced that the preliminary agreement* that it previously reached to acquire the semiconductor business assets of Seiko Epson's consolidated subsidiary, Yasu Semiconductor Corporation, has been finalized and the acquisition was completed on March 30, 2007. These business assets have been vested in OMRON's wholly owned subsidiary, OMRON SEMICONDUCTORS Co., Ltd. (hereafter referred to as OSC), which will begin operations on April 2, 2007.

Employing an 8-inch CMOS production line, OSC will begin by manufacturing nonvolatile memory and logic ICs on a commission basis, and will subsequently expand its production to include original semiconductor elements and other products. OSC's sales target for fiscal 2007 is 3 billion yen, and sales are expected to exceed 5 billion yen by fiscal 2010.

OMRON develops, manufactures, and markets custom ICs that offer functionality and cost-performance not found in general-purpose semiconductors, as well as MEMS (Micro Electro Mechanical Systems) products such as flow sensors and pressure sensors that utilize semiconductor processes in their manufacture. OSC will make it possible to further expand these semiconductor operations, while strengthening the OMRON Group's line of semiconductor-equipped products.

*The preliminary agreement was announced on October 25, 2006.

Assets Acquired

The assets consist of the semiconductor factory owned by Yasu Semiconductor Corporation in Yasu, Shiga, Japan.

Site area Approx. 42,000m2
Floor area Approx. 40,000m2
Facilities Semiconductor manufacturing equipment (8-inch CMOS line), and Yasu Semiconductor Corporation intellectual properties related to equipment operation

Outline of OSC

Name OMRON SEMICONDUCTORS Co., Ltd.
Business lines Development, manufacture, and marketing of semiconductor products
Representative Kazuma Wada, President (formerly General Manager of Group Service Innovation Department, Business Process Innovation H.Q., OMRON Corporation)
Capital 1.5 billion yen (wholly owned subsidiary of OMRON Corporation)
Established December 4, 2006
Location 686-1 Ichimiyake, Yasu, Shiga, Japan
Employees 130 (as of March 30, 2007)
Site area Approx. 42,000m2
Floor area Approx. 40,000m2
For media related enquiries, please contact:
James Seddon (james_seddon@omron.co.jp)
Sarah Hall (sarah_hall@omron.co.jp)
at OMRON Corporate Communications Department
Telephone: +81 3 3436 7202

Adobe Acrobat Reader is free software that lets you view and print Adobe Portable Document Format (PDF) files.