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Business

Merger planned to create Japan's biggest chip trader

NAGOYA -- Trading house Toyota Tsusho plans to merge two wholly owned subsidiaries to create Japan's largest semiconductor trading company by sales. 

Tomen Electronics and Toyota Tsusho Electronics will combine as early as next April, with the parent's overseas-related operations to be added to the mix. The new company would boast annual sales of around 460 billion yen ($4.46 billion), based on figures for the year ended in March. It would lead the world in automotive semiconductors, with sales of around 300 billion yen.

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