View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
February 8, 2012

Japanese firms to merge system chips ops

Renesas Electronics, Panasonic and Fujitsu mull starting a joint venture

By CBR Staff Writer

Renesas Electronics, Panasonic and Fujitsu are in discussions to merge their system chip design and development divisions to form a joint venture.

The new firm will secure funds from Japan’s government-backed investment fund Innovation Network Corporation, according to Nikkei.

A basic agreement between the companies is expected to be reached by the end of March.

Under the tentative plan, the joint company will be established by March 2013 and develop advanced system chips for smart phones, automobiles and other products.

Further details about the new venture are expected to be revealed by the end of this year.

The three companies are struggling due to strong yen and intense competition from US, South Korea and China, besides Intel Corporation and Samsung Electronics.

They expect the merger would boost their position in the market by integration.

Content from our partners
Infosecurity Europe 2024: Rethink the power of infosecurity
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond

The new company is expected to play a major role in the survival of the chip industry in Japan.

The move will also enable Panasonic and Fujitsu to concentrate on profitable business segments.

Renesas, earlier a joint venture between Hitachi and Mitsubishi Electric Corporation, merged with NEC Electronics Corporation in April 2010.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU