Article: NEC Electronics, Renesas to merge.

TOKYO: NEC Electronics and Renesas Technology announced Monday plans for a merger to create Japan s largest semiconductor maker, as they seek a way out of the global economic downturn.

The two firms aim to integrate their operations by April 2010, becoming the world s number three chipmaker behind Intel Corp. of the United States and Samsung Electronics Co. of South Korea.

"In order to overcome the current extremely difficult time, we have come to believe it is extremely important that we create a semiconductor company that can flourish in the international market place," said Kaoru Yano, president of NEC Corp, which controls NEC Electronics, the ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!