Saturday, December 20, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Kodak Returns To CES With Consumer Product Line
North Korea Suggests Joint Inverstigation With U.S. Over Sony Hacking
T-Mobile to Pay $90 Million To Settle Case With FCC
New Trojan Targetted Banks Wordlwide
FBI Confirms North Korea Was Behind Sony Hack
Apple Responds To BBC's Allegations Over Working Conditions In Chinese Factory
BlackBerry Returns To Cash Flow
Comparison: Quantum Dot Vs. OLED Displays
Active Discussions
Digital Audio Extraction and Plextools
Will there be any trade in scheme for the coming PSP Go?
Hello, Glad to be Aboard!!!
Best optical drive for ripping CD's? My LG 4163B is mediocre.
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
 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
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
Samsung, Intel, Dell, Boradcom Team Up On Standards For Internet of Things
Synaptics To Buy Renesas Display Chip Business : report
NEC Releases Face-authentication Software For PCs
Apple May Buy Stake in Renesas Chip Design Unit: report
Microsoft Reveals Kinect for Windows v2
Renesas Develops First 28nm Embedded Flash Memory Technology for Microcontrollers
Sony Buys Semiconductor Manufacturing Facility From Renesas Electronics

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .