Tuesday, June 28, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Western Digital My Passport Line Now In Capacities of Up To 4TB
IBM Scientists Discover New Recycling Process to Convert Old Smartphones and CDs into Non-Toxic Plastics
Amazon Page Flip Offers A New Way to Hop, Skim, and Jump through Kindle Books
NTT Uses Light Reflection To Create Faster Encryption Technique
New LG Projector Creates An 80-inch screen in Short Distance
Researchers Unveil New Data Replication Method for Disaster-resilient Information Platforms
Dell 78-inch Monitor, Full HD projectors And The Dell Classroom Software for Chromebooks
Nvidia To Position The GTX 1060 Against New Radeon RX 480
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 Ele...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, December 15, 2009
NEC Electronics, Renesas Sign Merger Agreement


NEC Electronics and Renesas Technology today announced they have entered into a merger agreement to integrate business operations at NEC Electronics and Renesas on April 1, 2010 (scheduled).

The agreement is subsequent to the definitive agreement, which was signed on September 16, 2009. The Business Integration will become effective following the adoption of the resolutions at Extraordinary General Meetings of Shareholders of both NEC Electronics and Renesas and approval by relevant authorities.

The merger of NEC Electronics, 65 percent owned by NEC Corp and of Renesas, a joint venture between Hitachi Ltd and Mitsubishi Electronics, will create the world's third-biggest chipmaker after Intel and Samsung Electronics.

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, in order to further strengthen their business foundations and technological assets, while increasing corporate value through enhanced customer satisfaction.

The integrated company after the Business Integration will provide globally competitive products in its three major product groups, MCUs, SoCs, and discrete products, by concentrating its development resources to enhance the companies' respective advantages. The Integrated Company aims to expand its business by offering complete solutions that leverage these three major groups to best fit the requirement of customers of all kinds of industries.

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.

By the time of the merger, when NEC Electronics will have absorbed Renesas and changed its name, the two firms' parents will have shored up the chipmakers with a total 206 billion yen in funds.


Previous
Next
ECMASCript 5th Edition Has Been Approved        All News        LG, Samsung, Sony Pictures Entertainment and Valens Semiconductor to Launch the HDBaseT Cross-Industry Alliance
ECMASCript 5th Edition Has Been Approved     General Computing News      Rambus Acquires Patents and Technology from Global Lighting Technologies

Get RSS feed Easy Print E-Mail this Message

Related News
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
Microsoft Releases New Kinect SDK And Adapter Kit
NEC Technology Helps Take Less Stressful Blood Pressure Measurements

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 .