AOL Television

Chip Deal Defies Japan Inc.'S Closed-Door Policy

  • Aired: 1/25/2013
    • Length:
    • Plays: ???
Synopsis >

$10.16 billion: the value of Applied Materials' bid for rival equipment maker Tokyo Electron. Both firms compete for equipment orders from semiconductor makers. If approved, it will be the 2nd largest foreign buyout of a Japanese firm ever. FDI in Japan is about 4% of GDP - the lowest among developed nations. Japanese PM Shinzo Abe wants to double that by 2020. Japan Inc's defiance of foreign control is legendary.

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