Word: fujitsu
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Dates: during 1980-1989
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Every year hundreds of foreign firms offer to buy stakes in U.S. companies, and the Government barely notices. But the proposal by Fujitsu, the Japanese conglomerate, to acquire an 80% interest in Fairchild Semiconductor has begun ringing alarm bells in Washington. Commerce Secretary Malcolm Baldrige and Defense Secretary Caspar Weinberger have asked the White House to consider blocking the purchase. Since Fairchild supplies computer chips to the U.S. military, the Cabinet officials fear that the deal could threaten national security. Baldrige is also concerned that through Fairchild, Fujitsu would gain a distribution system for its supercomputers, powerful machines that...
Perhaps the most surprising sign of Japan's new hard times is the slump in the electronics industry. For the six months that ended Sept. 30, Toshiba's pretax profits plunged 80% from the same period in the previous year. At Fujitsu, Japan's top computermaker, profits fell 79%. Nihon Keizai Shimbun, Japan's leading business newspaper, last month reported that for the first time since 1975, Hitachi, Mitsubishi Electric and Fuji Electric planned temporary layoffs, shocking workers and managers in the industry. The companies denied the report, but rumors persist. Says Daisaku Kodama, an Osaka-based subcontractor for Matsushita...
General Motors warmed up for last week's deal with several smaller moves into computer fields. In 1982 the company created GMF Robotics in a joint venture with a Japanese firm, Fujitsu Fanuc. Since then, GMF has grabbed a 19% share of the market for industrial robots...
...information. Now the battlefront is moving to the next generation of chips: a 256K RAM, which has four times the memory capacity of the 64K and is expected to generate annual sales of up to $3.5 billion by 1987. At least six Japanese companies, led by Hitachi and Fujitsu, have shown samples of the 256K to customers. Several American firms, including Motorola, Texas Instruments and Mostek are gearing up to challenge the Japanese, but the leading contender is a newcomer to the chip wars, the Western Electric subsidiary of A T & T. Until now, Western Electric has produced chips only...
...struggle between IBM and its Japanese competitors is most intense in Japan, where IBM lost its No. 1 position to Fujitsu in 1979. IBM Japan, the company's wholly owned subsidiary, is fighting back. "They are becoming surprisingly aggressive," says Yuji Ogino, managing director of IDC Japan, a unit of International Data. IBM Japan, which employs 13,000 Japanese workers, has been slashing prices and launching new marketing drives in a bid to win back its overall lead. Admits a spokesman for a rival Japanese firm: "IBM is an enormous competitor...