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.
Cadence breaks into top four in semi IP core ranking
April 23, 2014
Cadence Design Systems Inc. moved into the top four of semiconductor IP core suppliers in 2013 spurred by its renewed IP ...
Get your IT infrastructure assessed for free
Custom processor tool wins $2.8m backing
Mixture of graphene/carbon nanotubes produce low-cost ultracapacitors
OLEDs help NASA focus space biology research
Display Stream Compression standard boosts display interfaces to 8K
April 23, 2014
The Video Electronics Standards Association (VESA), working in liaison with the MIPI Alliance, has unveiled the Display Stream ...
Hard wired floating point changes FPGA
Printoo: printed electronics made Arduino-compatible
Magnetic RAM set for 50% CAGR, says report
- USB 5V 2.5A Output, 42V Input Synchronous Buck with Cable Drop Compensation
- Measurement applications across multiple test platforms
- Supplying DC input power to string inverters
- Supplying DC input power for HEV testing
InterviewHeartbleed challenges the Internet of Thing
The Heartbleed security bug is a key example of the fundamental security challenge for the Internet of Things says Green Hills Software as it launches a new security group.
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, Arrow Electronics is giving away ten XMC1200 lighting application kits, worth 100 Euros each, for EETimes Europe's readers to win.
Each kit combines Infineon’s brightness and colour control XMC1200 CPU board to drive flicker free LED dimming and colour changing, together with a colour LED card and a white LED card.
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.