Word: yawata
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...companies as Texas Instruments and LSI Logic are producing ) designs in Japan for the complex semiconductors needed to process the massive amounts of data necessary to generate lush HDTV pictures. "There is plenty of room for American companies to take advantage of their strength in semiconductor design," says Keiske Yawata, chief executive of LSI Logic's branch in Japan. U.S. firms, including Zenith and General Instruments, are developing proposals for HDTV standards in the U.S., which will be chosen by the Federal Communications Commission by spring 1993. Even a digital system has its disadvantages. For one, the signal...
...minimize the risk, Premier Sato's government has been urging Japanese businesses to grow stronger by merging. In notable response last week, Japan's two leading steel producers, Yawata and Fuji Iron & Steel, joined forces to become the Nippon Steel Corp. The new company is the world's second largest steel producer, behind U.S. Steel. It is also Japan's largest corporation, with annual sales of $3.1 billion. Together the two companies last year produced 31.5 million tons of crude steel, or 36% of Japan's total. In a period of resurgent Japanese nationalism...
...Yawata-Fuji merger, which markedly strengthens Japan's basic industry, comes at a propitious time. The government will soon inaugurate a new economic plan that calls for an annual growth rate of 10.6% and a doubling of the per capita income to $2,778 by 1975. Since the impossible is commonplace in the Japanese economy, critics are already calling the plan too conservative...
...Complaints. On June 1, with the approval of Japan's rather toothless antitrust watchdog, the Fair Trade Commission, Fuji and Yawata will form the New Japan Steel Co., the world's second largest steel company after U.S. Steel Corp. Last year the two partners produced 25 million tons v. U.S. Steel's 32 million; they had sales of $2.5 billion. Under the presidency of Yoshihiro Inayama, now the chief of Yawata, the new company will employ 80,000 people in ten huge, highly integrated mills throughout Japan...
...Fuji and Yawata together account for 34% of Japan's burgeoning steel production. They have no complaints about complying with conditions imposed by the Fair Trade Commission, and have reduced their share of the market in heavy rails, tinplate and foundry iron, in which they would otherwise clearly hold a monopolistic position. Significantly, Japan's four other major steel firms showed no real opposition to the merger. "The other steel companies have become strong enough to withstand any kind of competition," explained Hosai Hyuga, president of Sumitomo Metal Industries. Indeed, some competitors are counting on the trend...