NEC and Renesas Planning To Merge

Posted Apr 28, 2009

NEC and Renesas are planning to merge companies in order to form a bigger and stronger semiconductor company.  Combined they would bring in roughly $13 billion in annual sales of semiconductor machinery.  Renesas itself is the product of a merger between Hitachi and Mitsubishi Electric.

In terms of overall market share, the combined company would still be the #2 behind a merged business between Intel and Samsung.  The two companies are aiming to conclude talks by July and become one company by next April.

[via Electronista/Engadget]