April 1, 2010 - The Birth Of "Renesas Technology Electronics Co., Ltd."

[TEXAN*]

April 1, 2010

Renesas Technology Electronics Co., Ltd.

NEC Corporation 33.42%
Hitachi 30.73%
Mitsubishi Electric Corporation 25.14%
Japan Trustee Services Bank, Ltd. (NEC Corporation Retirement Benefit Trust Account re-minute Sumitomo Trust) (Note) 1.54%

http://www.necel.com/news/en/archive/0909/1601.html

World's third largest chip maker.

Can't wait for the long awaited SH-6.

 

[Rufus]

Erm, I'm lost. Anyone translate what this actually means?

 

[Simon F]

Looks like a merger

 

[ShaidarHaran]

April 1?

 

[RudeCurve]

April 1?

It's a pretty common date for Japanese companies to start operations of new JV companies. It might have something to do with end of Fiscal Year type business cutoffs.

Anyway so does this mean we will finally see the much talked about Dreamcast on a chip?

 

[pcchen]

Yes, because for some reason Japanese fiscal calendar ends at March 31.

 

[Lazy8s]

This could be a great fit.