NEC, Renesas seal chip merger
September 16, 2009 //
The merger of Japanese chip groups NEC Electronics Corp and Renesas Technology is back on again, and with the help of about a $2.2 billon injection from the parent firms, NEC, Hitachi Ltd and Mitsubishi Electric Corp.
LONDON The merger of Japanese chip groups NEC Electronics Corp and Renesas Technology is back on again, and with the help of about a $2.2 billon injection from the parent firms, NEC, Hitachi Ltd and Mitsubishi Electric Corp.
Renesas is itself a merger between Hitachi's and Mitsubishi's semiconductor operations.
The proposed merger was first mooted in April but there have been some delays in getting agreement due to the time taken for due diligence on the deal, which was finally sealed Wednesday (September 16).
The merger is set to be operational in April 2010.
The new firm in terms of revenues set to be the third largest in the semiconductors sector, behind Intel of the U.S. and Samsung of South Korea will be called Renesas Electronics Corp after listed NEC Electronics absorbs unlisted Renesas' operations on April 1, the companies said in a statement.
The groups added Renesas President Yasushi Akao will become the president of the merged chip maker.
NEC Corp will be the top shareholder in the merged firm with a 35 percent stake including treasury stock, followed by Hitachi with 30.7 percent and Mitsubishi Electric with 25.1 percent.
Conspiracy alleged over Rousset wafer fab closure
March 07, 2014
A class action lawsuit has been filed in Federal Court in New York alleging that Atmel Corp. (San Jose, Calif.) conspired ...
Europe loses PV market lead to Asia in 2013
Driverless car sharing concept focuses on digital comfort
Automated SSL test system authenticates LED technology performance
Paper-thin ultracapacitor aims to boost Li-ion battery performance
Apple set to transform sapphire wafer market
March 07, 2014
The sapphire industry ended an 18 month period of depressed pricing and achieved $936 million in revenue for wafer products ...
FTDI reveals streaming instruction behind new 32bit architecture
AMD taps UK tool for video verification
UHF RFID the radio technology of choice for Industry 4.0
- DSM presents: Select the best plastic for DDR4
- Wireless Sensor Network Challenges and Solutions
- Putting FPGAs to Work in Software Radio Systems Handbook
- Real-Time Spectrum Analysis for Troubleshooting 802.11n/ac WLAN Devices
InterviewWi-Fi is open for business, which is good news for mobile subscribers
Following the news that Netgear has built a Facebook-linked amenity Wi-Fi option into its routers, enabling businesses to offer free Wi-Fi in return for liking the company Facebook page, David Nowicki, ...
Filter WizardCheck out the Filter Wizard Series of articles by Filter Guru Kendall Castor-Perry which provide invaluable practical Analog Design guidelines.
Linear video channel
READER OFFERRead more
This month, Freescale is giving away ten RIoTboards, worth 74 dollars each, for EETimes Europe's readers to win.
Designed to run Android operating systems efficiently or to run under Linux, the board is based on the Freescale i.MX 6Solo processor; using the ARM Cortex-A9 architecture.
And the winner is...
In our previous reader offer, Crystal Display was giving...Read more
December 15, 2011 | Texas instruments | 222901974
Unique Ser/Des technology supports encrypted video and audio content with full duplex bi-directional control channel over a single wire interface.