Reflecting its increased shareholding, Teijin has seconded a representative to serve on Floadia’s board of directors and an engineer to work on the company’s advanced technologies and products.

By combining its special capabilities as a materials supplier with Floadia’s non-volatile memory know-how, Teijin aims to strengthen its expertise in products and solutions that use AI for enhanced quality of life in diverse fields. More specifically, the two companies plan to jointly develop AI chips and other products for practical applications, targeting commercial launch by 2025. Teijin also expects to strengthen its materials business, including technologies and safety management for autonomous driving, and solutions addressing for demographic change and increased health consciousness.

Teijin has been developing mobility solutions to address demands in aging societies. Established in 2011 to develop and license semiconductor intellectual property, Floadia has been developing low-cost non-volatile memory that significantly reduces the power consumption and raises the heat resistance of electronic and semiconductor devices. Floadia is also developing semiconductor devices that enable power-saving AI arithmetic processing.