Among the investors participating in the latest round of funding for AMBIT DESIGN SYSTEMS, INC. was SUMITOMO CORP. It is the parent of SC HIGHTECH CORP., the Santa Clara, California company's exclusive Japanese distributor. Ambit's first product, BuildGates, is a logic synthesis design tool (see Japan-U.S. Business Report No. 335, August 1997, p. 22).
TOYOTA MOTOR CORP. is the first major automotive manufacturer to use manufacturing software from PEOPLESOFT, INC., which moved into this field a year ago from its stronghold of enterprise resource planning software. Toyota's North American operations licensed the Pleasanton, California company's complete line of manufacturing software for use at its parts plants. The software initially will be installed at Toyota factories in Georgetown, Kentucky, where Camry and Avalon sedans and Sienna minivans are built; Princeton, Indiana, the site of forthcoming T100 full-size pickup truck production; and Buffalo, West Virginia, where Toyota is building an engine plant.
In a diversification tried by few Japanese companies, MITSUBISHI ELECTRIC CORP. has moved into the American software market. Its entry vehicle is the multimedia VISUALSHOCK, which features MELCO's original animation hyperlink technology. The electronics maker also is bundling VISUALSHOCK with ConceptCAD, an interactive, three-dimensional desktop visualization application from VIRTUS CORP. of Cary, North Carolina.
An exchange rate of ¥130=$1.00 was used in this report.