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NEC and Renesas merger set for April, 2010
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Renesas Technology and NEC Electronics have set the date for merger of operations to coincide with the new financial year on April 1, 2010. A basic agreement to the mwerger was signed on April 27, 2009. The Merger will be effective with NEC Electronics being the surviving entity.NEC Electronics then aims to expand its business by offering complete solutions that leverage the combined three major product groups of MCUs, SoCs, and discrete products that best fit the requirement of customers across all major industry markets.
Both companies have been restructuring operations before the merger to become more competitive in the markets served.