Beginning of this page.
Jump to main content.

Please note that JavaScript and style sheet are used in this website,
Due to unadaptability of the style sheet with the browser used in your computer, pages may not look as original.
Even in such a case, however, the contents can be used safely.

Displaying present location in the site.
Home > News Room > NEC Electronics and Renesas Report the Progress of Business Integration

NEC Electronics and Renesas Report the Progress of Business Integration


KAWASAKI, Japan, TOKYO, Japan, July 28, 2009 -- NEC Electronics Corporation (NEC Electronics; TSE: 6723), Renesas Technology Corp. (Renesas), NEC Corporation (NEC; TSE: 6701), Hitachi, Ltd. (Hitachi; TSE: 6501 / NYSE: HIT), and Mitsubishi Electric Corporation (Mitsubishi Electric; TSE: 6503) today announced that the companies decided to postpone the conclusion of a definitive agreement to integrate business operations at NEC Electronics and Renesas until the end of August, which had originally been outlined at the end of July.
As announced on April 27, 2009, the companies have been in negotiations to integrate business operations at NEC Electronics and Renesas. However, due to delay in completing due-diligence on the companies' assets including the manufacturing and sales sites worldwide, the companies have decided to postpone the contract day.
The companies will continue to engage in proactive negotiations aiming to reach a definitive agreement by the end of August.

***

Media Contacts:

NEC Electronics Corporation
Kyoko Okamoto
+81-44-435-1676
E-Mail:kyoko.okamoto@necel.com

Renesas Technology Corp.
Yoichi Kobayashi
+81-3-6756-5555
E-Mail:kobayashi.yoichi2@renesas.com

NEC Corporation
Joseph Jasper
+81-3-3798-6511
E-Mail:j-jasper@ax.jp.nec.com

Hitachi, Ltd.
Atsushi Konno
+81-3-5208-9325
E-Mail:PR@hdq.hitachi.co.jp

Mitsubishi Electric Corporation
Yurika Fujimoto
+81-3-3218-3380
E-Mail:prd.gnews@nk.MitsubishiElectric.co.jp

Readers are advised that the press releases and other information posted on this site are current only on their original publication date. Please note that such press releases and other information may now be outdated or rendered inaccurate due to passage of time or subsequent material changes in facts and circumstance.

Top of this page

Copyright NEC Corporation. All rights reserved.