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NEC-Renesas merger to rival Intel, Samsung

updated 12:05 pm EDT, Mon April 27, 2009

NEC and Renesas Merge

Semiconductor giants NEC and Renesas today said they would merge in a deal likely to change the electronics industry. The two plan to finish talks by July that would create a single company by next April. Such a deal would give them roughly $13 billion in combined yearly sales and would make it the single-largest Japanese company building processing technology.

Observers view the merger as the result of financial pressure created by the economy, which is threatening significant losses for the separate companies. Both are profitable but under threat as fewer chips get sold with reduced demand for home electronics.

The deal would also create the world's third-largest semiconductor company behind Intel and Samsung and is likely to influence the choice of mobile processors, storage and other parts normally made by now smaller companies, such as SanDisk and Toshiba. Hitachi and Mitsubishi already share joint control of Renesas.




by MacNN Staff

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Comments

  1. malax

    Joined: Dec 1969

    0

    Renesas Inside?

    Never heard of Renesas. Do they market products under another name or do they just make chips for purposes other than PCs and servers?

  1. Yokohama

    Joined: Dec 1969

    0

    Renesas

    Renesas is the result of a joint venture between Hitachi's and Mitsubishi Electric's chip businesses around 2003. It's the world's largest maker of microcontrollers and is big in com and auto electronics semiconductors, as well as application-specific processors. Their SuperH microcontrollers are as well known in their market segments as Intel is in the PC world.

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