NEC Electronics Corporation, Renesas Technology Corp., NEC Corporation, Hitachi, Ltd., and Mitsubishi Electric Corporation today agreed to enter into negotiations to integrate business operations at NEC Electronics and Renesas.
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 solutions, primarily specializing in microcontroller units (MCUs). In light of fierce global competition in the semiconductor market, NEC Electronics and Renesas have agreed to explore the possibility of business integration in order to further strengthen their business foundations and technological assets while increasing corporate value through enhanced customer satisfaction.
By integrating the world’s two largest MCU suppliers, the new company will provide one of the most competitive MCU product lineups throughout the world.