Japan quake damage seen hitting silicon wafer supply
TOKYO, March 25 (Reuters) – Supplies of silicon wafers used
to make semiconductor chips could start to run short in May,
following the suspension of operations at two major plants hit
by the March 11 earthquake that devastated large areas of
northern Japan.
But several analysts say tightness in the market will likely
be short-lived, given excess capacity and high inventories
before the disaster.
Supply chain disruptions force more Japan delays
TOKYO (Reuters) – Supply chain disruptions in Japan have forced at least one global automaker to delay the launch of two new models and are forcing other industries to shutter plants and rethink their logistical infrastructure.
Toyota Motor Corp (7203.T: Quote, Profile, Research) said on Wednesday it would delay the launch in Japan of two new additions to the Prius line-up, a wagon and a minivan, from the originally planned end-April due to production disruptions from this month’s devastating earthquake.
Corrected: Supply chain disruptions force more delays in Japan
TOKYO (Reuters) – Supply chain disruptions in Japan have forced at least one global automaker to delay the launch of two new models and are forcing other industries to shutter plants and rethink their logistical infrastructure.
Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) said on Wednesday it would delay the launch in Japan of two new additions to the Prius line-up, a wagon and a minivan, from the originally planned end-April due to production disruptions from this month’s devastating earthquake.
Quick-thinking executive pulled into midst of Japan nuclear
(Reuters) – Watching TV images of workers frantically dousing the reactors of Japan’s earthquake-wrecked nuclear plant with water, one man realized he was uniquely placed to help out: he had on hand a truck-mounted pump bigger than any other in the land.
By Wednesday this week a bright red Putzmeister pump normally used to pour concrete was towering 58 meters (190 feet) over the burned-out remains of reactor No. 4 at the Fukushima Daiichi plant, filling its spent-fuel pool with sea water at a rate of 160 cubic meters (5,650 cubic feet) an hour.
Quick-thinking executive pulled into midst of Japan nuclear crisis
March 24 (Reuters) – Watching TV images of workers
frantically dousing the reactors of Japan’s earthquake-wrecked
nuclear plant with water, one man realised he was uniquely
placed to help out: he had on hand a truck-mounted pump bigger
than any other in the land.
By Wednesday this week a bright red Putzmeister pump
normally used to pour concrete was towering 58 metres (190 feet)
over the burnt-out remains of reactor No. 4 at the Fukushima
Daiichi plant, filling its spent-fuel pool with sea water at a
rate of 160 cubic metres (5,650 cubic feet) an hour.
Supply chain disruptions force more delays in Japan
TOKYO, March 23 (Reuters) – Supply chain disruptions in
Japan have forced at least one global automaker to delay the
launch of two new models and are forcing other industries to
shutter plants and rethink their logistical infrastructure.
Toyota Motor Corp said on Wednesday it would delay
the launch in Japan of two new additions to the Prius line-up, a
wagon and a minivan, from the originally planned end-April due
to production disruptions from this month’s devastating
earthquake.
Supply chain disruptions force more delays in Japan
TOKYO, March 23 (Reuters) – Supply chain disruptions in
Japan have forced at least one global automaker to delay the
launch of two new models and are forcing other industries to
shutter plants and rethink their logistical infrastructure.
Toyota Motor Corp said on Wednesday it would delay
the launch in Japan of two new additions to the Prius line-up, a
wagon and a minivan, from the originally planned end-April due
to production disruptions from this month’s devastating
earthquake.
Japan parts paralysis spreads as firms cut output
TOKYO (Reuters) – Sony Corp cut output at five more plants and Toyota Motor Corp delayed restarting assembly lines, as the global supply of parts and products began to feel the full impact of Japan’s catastrophic earthquake.
Global electronics and autos companies have been hardest hit by the turmoil, but in an illustration of how the ripples are spreading, Rio Tinto, the world’s No. 2 iron ore miner behind Brazil’s Vale, warned the disruptions posed a threat to its expansion plans.
Japan supply woes hit Toyota and Sony
TOKYO (Reuters) – Sony Corp (6758.T: Quote, Profile, Research) cut output at five more plants and Toyota Motor (7203.T: Quote, Profile, Research) further delayed restarting its Japanese assembly lines, as the country’s catastrophic earthquake plays havoc with the global supply of parts and products.
Global electronics and autos companies have been hardest hit by the turmoil, but in an illustration of how the ripples are spreading, global miner Rio Tinto (RIO.L: Quote, Profile, Research) (RIO.AX: Quote, Profile, Research) warned the disruptions posed a threat to its expansion plans.
Advantest-Verigy deal looks set to go ahead despite quake
TOKYO, March 22 (Reuters) – Japan’s Advantest
appeared on the verge of clinching a $908 million acquisition of
U.S.-listed chip tester Verigy , a sign some Japanese
firms will still be able to push through deals even after the
country’s catastrophic earthquake.
Shares of Advantest, the world's No.2 maker of chip-testing
equipment, surged as much as 13 percent -- their biggest one-day
percentage gain in two years -- after Verigy said it saw the
Japanese company's offer of $15 per share better than its own
$424 million plan to buy smaller rival LTX Credence .
Verigy, which has its headquarters in Singapore, said in a
statement on Monday the cash buyout offer from Advantest was a
"superior" option to its own plan to buy LTX Credence.
Buying Verigy would give Advantest a much-needed boost in
the market of testers for chips used in smartphones and other
devices.
Advantest is strong in memory chip testers, but faces tough
competition from global leader Teradyne Inc in testers
for the fast-growing smartphone market.
"Advantest recognises that to compete with Teradyne in
non-memory testers, it needs to bulk up and strengthen its
technology base," said Damian Thong, a technology analyst at
Macquarie Capital Securities in Tokyo.
"Combining with Verigy is one of the best steps they could
take in that direction," he said.
By acquiring Verigy, Advantest could control as much as 48
percent of the global chip-testing market, more than Teradyne's
40 percent, an analyst at brokerage MKM Partners estimated last
year.
JAPAN M&A TO SURVIVE
Japanese companies are currently involved in mergers and
acquisitions deals totalling $25.7 billion, according to Thomson
Reuters data. Some of those deals may get stalled by Japan's
crisis.
Private-equity firm Bain Capital's planned $3.4 billion
buyout of Japanese restaurant chain Skylark has been put on hold
as banks want to assess the impact of the earthquake, bankers
said last week.
However, steel firms Nippon Steel and Sumitomo
Metal Industries Ltd submitted a proposal for their
planned merger to Japan's antimonopoly watchdog on Friday, just
a week after the earthquake and tsunami devastated northeastern
Japan.
While the disaster in Japan could put pressure on deals in
the short term, more firms may start to look for overseas
opportunities in the long run, said a Tokyo-based banker.
"We really have a feeling that cross-border M&A is still
very much on the agenda, that people want to push forward deals
already in the pipeline," said Jerome Finck, a director at
Global Advisory Japan, the local associate of Anglo-French
banking group Rothschild.
"I'm pretty sure that in the mid term and long term there
will be an increase in cross-border activity -- in-out, so
basically Japanese buying abroad. Maybe not as a direct result
of the earthquake, but a thinking that it is better to diversify
your risk and production base and resources outside Japan as
well."
Advantest originally offered $12.15 per share for Verigy,
but lifted that in December to $15, representing a premium of
nearly 66 percent on Verigy's stock price before the initial
offer.
Semiconductor makers such as Intel rely on
equipment from Advantest and Verigy to test the efficiency and
quality of their chips.
Shares of Advantest were up 9.9 percent at 1,451 yen at 0547
GMT, outperforming a 4.3 percent rise in the benchmark Nikkei
average .
(Reporting by David Dolan, Nathan Layne; Editing by Edmund
Klamann and Vinu Pilakkott)
