OKIシンフォテック, a subsidiary of OKI Electric Industry based in Fukushima City, announced on 20 October its policy of entering the renewable energy sector and other areas. It will also pursue expansion in existing markets such as information and communications, industrial equipment, and semiconductor manufacturing.
OKIシンフォテック (Fukushima City) announced on the 20th its policy of seeking to enter the renewable energy sector. The stated aim is to strengthen technological development for its power-source business by developing new business areas.
The company is also reportedly planning to expand its existing markets, including information and communications, industrial equipment, and semiconductor manufacturing. Through this, it intends to promote business expansion across a range of fields.
With the government identifying 17 strategic sectors, including semiconductors, the company said it would pursue its initiatives with this development in mind. The automotive, defense, and navigation sectors appear to have been identified as new markets, although the article provides only limited details on their specific scope.
The announcement sets out the company’s policy for future business development. It indicates an intention to balance growth in existing markets with the development of new markets by advancing technological development centered on the renewable energy sector.