Oki Electric Industry announced on February 18 it has signed a contract to acquire the driver chip business for large TFT-LCDs from Texas Instruments Japan. This acquisition is part of Oki's growth strategy to enhance the large TFT LCD driver chip business, which is considered to be one of Oki's unique semiconductor businesses. With the transfer planned for the end of March 2005, Oki will take in all the customers and employees of Japan TI.
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