Mitsubishi Electric eyes power-chip merger with Rohm and Toshiba

Mitsubishi Electric seeks to reach a deal by September with rivals Toshiba and Rohm to combine their power semiconductor operations.The move would consolidate three of the world’s top suppliers of a growing segment of the electronics supply chain, which has been supercharged by the rush to build infrastructure for artificial intelligence work. Power-regulation chips are growing in importance as systems like Nvidia’s next-generation Vera Rubin platform increase in complexity and power consumption.“Our goal is to integrate sales, manufacturing and development to build one single, robust company,” Mitsubishi Electric Chief Executive Officer Kei Uruma said in an interview. The companies are working out the detailed terms of the agreement and making adjustments, he said. “We hope that by September we’ll be able to announce our plan to establish the joint venture.”