NEWS RELEASE

Teijin Raises Equity Stake in Floadia to Enhance Business
Capabilities with AI Know-how
Tokyo, Japan, October 26, 2020 --- Teijin Limited announced today that it has raised its
equity stake in Floadia Corporation, a Tokyo-based start-up company that develops,
consults, licenses and sells non-volatile memory. This type of memory is indispensable
in the rapid processing of big data by artificial intelligence (AI) capabilities thanks to its
suitability for deployment in edge computing environments and its ability to process
information without access to the cloud. 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-volatilememory 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 twocompanies 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, andsolutions 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 AIarithmetic processing.
Products for daily life are being digitized for greater usefulness and sustainability.
Examples include automobiles designed to be more connected, autonomous, sharedand electric (CASE), mobility as a service (MaaS) solutions that augment
consumer-owned cars, and smart homes that offer extra safety, reliability and comfort.
At the same time, markets for the internet of things (IoT) and AI are expanding briskly.
Teijin is contributing to the realization of the United Nation’s Sustainable Development
Goals (SDGs) as well as creating value for enhanced quality of life under a long-term
vision of being a company that supports the society of the future.
Teijin is seeking to add value in a wider range of areas beyond its cultivated tough andlightweight high-performance materials capabilities, with AI-related technology

becoming increasingly indispensable. Teijin rates Floadia’s semiconductor devices
highly as they do not require cloud access in order to carry out AI arithmetic processing.
Overview of Floadia Corporation
Headquarters
Establishment
Business

Kodaira, Tokyo
April 25, 2011Non-volatile memory design, development, sales, consulting

President and CEOKosuke Okuyama

CapitalJPY 355 million

About the Teijin Group
Teijin (TSE: 3401) is a technology-driven global group offering advanced solutions in thefields of environmental value; safety, security and disaster mitigation; and demographic
change and increased health consciousness. Originally established as Japan's firstrayon manufacturer in 1918, Teijin has evolved into a unique enterprise encompassing
three core business domains: high-performance materials including aramid, carbon
fibers and composites, and also resin and plastic processing, films, polyester fibers andproducts converting; healthcare including pharmaceuticals and home healthcare
equipment for bone/joint, respiratory and cardiovascular/metabolic diseases, nursing
care and pre-symptomatic healthcare; and IT including B2B solutions for medical,
corporate and public systems as well as packaged software and B2C online services for
digital entertainment. Deeply committed to its stakeholders, as expressed in the brandstatement “Human Chemistry, Human Solutions”, Teijin aims to be a company thatsupports the society of the future. The group comprises more than 170 companies andemploys some 20,000 people across 20 countries worldwide. Teijin posted consolidated
sales of JPY 853.7 billion (USD 8.0 billion) and total assets of JPY 1,004.2 billion (USD9.4 billion) in the fiscal year that ended on March 31, 2020.
Press Contact
Teijin Limited
Corporate Communications
pr@teijin.co.jp