Fujitsu Compound Semiconductor's parent company Fujitsu Quantum Devices Limited (FQD) and the Electron Device Department of Sumitomo Electric Industries, Limited (SEI-EDD) have consolidated their compound semiconductor device businesses into a joint venture company. Called Eudyna Devices Inc., the new company will be engaged in development and manufacturing as well as sales of a wide variety of compound semiconductor devices.

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"Eudyna" is a coined word, wherein "Eu-" means "extensive" or "broad" like "Euro" and "Eurasia", and "dyna" is for "dynamic." The chairman and CEO of Eudyna Devices Inc. is Masumi Fukuta (former president of Fujitsu Quantum Devices Ltd.), and the president and COO is Nobuo Shiga (former manager of Electron Device Department, Sumitomo Electric Industries, Ltd.). The primary business locations include Yokohama (HQ) and Yamanashi Prefecture, Japan. Capitalization is 19,500 million yen and ownership is 50% Fujitsu Limited and 50% Sumitomo Electric Industries, Ltd.

The commercial application of compound semiconductor devices is still expanding from its traditional market such as telecommunications infrastructure represented by radio link and mobile base station, as well as long haul and metro optical networks, into the new markets. These markets have high-growth prospects such as access optical network, mobile handsets and digital home appliances, fiber to the premises (FTTP) and enterprise applications including wireless LAN, etc. According to Eudyna, it will further enhance a presence and competitiveness in the market of various compound semiconductor devices including microwave devices and lightwave devices, providing superior products with both performance and cost.

Eudyna Devices USA Inc., a wholly owned subsidiary of Eudyna Devices Inc. is headquartered in San Jose, Calif.