Print  |  Send  |   

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.

Related Articles

Opinion: Winners, losers in Renesas-NEC deal

Does Renesas-NEC Electronics merger make sense?

Renesas touts faster SiP design process



All news

PLDs/FPGAs/ASICs,Production

Follow us

Fast, Accurate & Relevant for Design Engineers only!

Technical papers     

Filter Wizard     

Check out the Filter Wizard Series of articles by Filter Guru Kendall Castor-Perry which provide invaluable practical Analog Design guidelines.

Linear video channel

READER OFFER

Read more

This month, Trinamic Motion Control is offering you to win one of four TMCM-1043 development kits for its highly integrated, NEMA 17-compatible TMCM-1043 stepDancer stepper motor module.

Offering designers an easy-to-use PC-based GUI that allows one-click modification of motor drive current, micro-stepping and other key parameters, the intuitive kits are custom designed and developed for...

Read more

Design centers     

Automotive
Infotainment Making HDTV in the car reliable and secure

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.

 

You must be logged in to view this page

Login here :