Report: Strategic Implications of the Merger Between NEC Electronics and Renesas

Strategic Implications of the Merger Between NEC Electronics and Renesas

Published by

Market Intelligence & Consulting Institute (MIC)

Published

2009/05

Content info

12 pages

Product code

III89961

Price

From US $ 1580

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Abstract

NEC Electronics, the chip unit of NEC cooperation, and Renesas, a joint venture between Hitachi and Mitsubishi, have been significantly affected by the global economic downturn and the intense competition in the semiconductor market. The two companies' revenue performances have been below expectations. Rumors started to surface that NEC Electronics and Renesas were considering a merger. Finally, the two companies announced their merger plan on April 27, 2009, whereby they will consolidate their operations by May 2010. The merger would make the combined company the world' s third-largest chipmaker. This report analyses the merger between NEC Electronics and Renesas, and its repercussions.