Thursday, September 29, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
CORSAIR Launches DOMINATOR PLATINUM Special Edition DDR4 Memory
Apple Partners With Deloitte In New Enterprise Push
Europol Says Ransomware Is A Top Cybercrime Threat
New Amazon Fire TV Stick Comes With Alexa Voice Remote
Qualcomm Snapdragon 600E and 410E For Embedded Applications Now Available Through Arrow Electronics
NVIDIA Launches New AI Technology At Third Regional GPU Tech Conference
Blackberry Offifially Stops Making Smartphones, Outsources Mobile Business To Indonesian BB Merah Putih
SpaceX Chief Envisions Ships Flying to City On Mars
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > NEC and...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, September 16, 2009
NEC and Renesas Reach a Definitive Agreement on Business Integration


NEC Electronics, Renesas Technology Corp., NEC Corporation , Hitachi, Ltd., and Mitsubishi Electric Corporation today announced that they have signed a definitive agreement to integrate business operations at NEC Electronics and Renesas.

The Business Integration will become effective following the adoption of the resolutions at the Extraordinary General Meeting of Shareholders of NEC Electronics and Renesas and approval by authorities concerned.

As a condition to the Business Integration, Renesas will issue shares of Renesas common stock to Hitachi and Mitsubishi Electric, the sole shareholders of Renesas, in exchange for a total of 78 billion yen before the effective date of the Business Integration. In addition, on the effective date of the Business Integration (scheduled to be April 1, 2010), the integrated company after the Business Integration will issue shares of its common stock to NEC, Hitachi, and Mitsubishi Electric in exchange for a total of approximately 122 billion yen.

Both as leading semiconductor companies, NEC Electronics and Renesas provide a wide variety of semiconductor solutions, primarily specializing in microcontroller units (MCUs). In light of fierce global competition and structural changes triggered by the rapid expansion of emerging markets in the semiconductor market, NEC Electronics and Renesas have been exploring the possibility of the Business Integration after signing a basic agreement on April 27, 2009.

The Integrated Company (Renesas Electronics Corporation) will provide globally competitive products in its three major product groups, MCUs, SoCs, and discrete products, by concentrating its development resources to further strengthen the companies' respective advantages.

In order to address the ongoing challenges of the current economic downturn, NEC Electronics and Renesas will each continue to execute structural reform plans in order to strengthen their business frameworks.


Previous
Next
Sharp to Incorporate UV2A Technology into Production of LCD Panels        All News        Adobe to Buy Omniture
IBM Announces Highest Performance Embedded Processor for System-on-Chip Designs     General Computing News      Adobe to Buy Omniture

Get RSS feed Easy Print E-Mail this Message

Related News
Minecraft: Education Edition will launch November 1
Renesas To Buy Intersil For $3.2 Billion
NEC Uses Artificial Intelligence to Automatically Detect Unknown Cyber-attacks
Hyundai Motor and Cisco To Cooperate On Connected Cars
Samsung Adds Intelligence And Connectivity To Your Car With Samsung Connect Auto
Open Connectivity Foundation Established To Promote Interoperability Of IoT Devices
TDK To Buy Semiconductor Factory From Renesas Electronics
Optical Drive Makers Face EU Antitrust Fines
Kinect for Windows Sales To Phase Out
Renesas Develops 16nm FinFET SRAM
NEC Develops Ultra-sensitive Terahertz Camera
NEC Technology Detects Counterfeit Products

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .