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Article: NEC Electronics and Renesas to Integrate Business Operations.
- Article from:
- China Weekly News
- Article date:
- May 12, 2009
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NEC Electronics Corporation (NEC Electronics)(TOKYO:6723), Renesas Technology Corp. (Renesas), NEC Corporation (NEC)(TOKYO:6701), Hitachi, Ltd. (Hitachi)(NYSE:HIT)(TOKYO:6501), and Mitsubishi Electric Corporation (Mitsubishi Electric)(TOKYO:6503) today agreed to enter into negotiations to integrate business operations at NEC Electronics and Renesas. 1. Background and goals of business integration NEC Electronics was established in 2002, separating from NEC, and Renesas was established in 2003, integrating semiconductor units at Hitachi and Mitsubishi Electric. Both as leading semiconductor companies, NEC Electronics and Renesas provide a wide variety of semiconductor ...