Renesas Electronics - History

History

Renesas Electronics started operation in April 2010, through the integration of NEC Electronics Corporation and Renesas Technology Corporation. NEC Electronics was established in November 2002 by a spin-off of the semiconductor operations of NEC. Renesas Technology was established on April 1, 2003, as a joint venture of Hitachi, Ltd. (55%) and Mitsubishi Electric (45%).

In April 2009, Renesas Technology and NEC Electronics reached a basic agreement to merge by around April 2010.

On April 1, 2010 NEC Electronics and Renesas Technology merged forming Renesas Electronics which became the fourth largest semiconductor company according to iSuppli published data.

For the year ended March 31, 2012, Renesas Electronics lost 62.6 billion yen. The Yomiuri Shimbun has reported that the company will eliminate 6,000 jobs, or about 15 percent of its worldwide workforce of 42,000. The company has now recorded losses in both years of its existence.

The company is considering selling, closing, or reducing production at 10 of 18 domestic plants in Japan. If the plan goes ahead, 40,000 other companies are expected to be impacted.

Read more about this topic:  Renesas Electronics

Other articles related to "history":

History of Computing
... The history of computing is longer than the history of computing hardware and modern computing technology and includes the history of methods intended for pen and paper or for chalk and slate, with or without the ...
Xia Dynasty - Modern Skepticism
... The Skeptical School of early Chinese history, started by Gu Jiegang in the 1920s, was the first group of scholars within China to seriously question the ... early Chinese history is a tale told and retold for generations, during which new elements were added to the front end" ...
Casino - History of Gambling Houses
... or another has been seen in almost every society in history ... France and Elizabethan England, much of history is filled with stories of entertainment based on games of chance ... In American history, early gambling establishments were known as saloons ...
Spain - History - Fall of Muslim Rule and Unification
... The breakup of Al-Andalus into the competing taifa kingdoms helped the long embattled Iberian Christian kingdoms gain the initiative ... The capture of the strategically central city of Toledo in 1085 marked a significant shift in the balance of power in favour of the Christian kingdoms ...
Voltaire - Works - Historical
... History of Charles XII, King of Sweden (1731) The Age of Louis XIV (1751) The Age of Louis XV (1746–1752) Annals of the Empire – Charlemagne, A.D ... II (1754) Essay on the Manners of Nations (or 'Universal History') (1756) History of the Russian Empire Under Peter the Great (Vol ... II 1763) History of the Parliament of Paris (1769) ...

Famous quotes containing the word history:

    America is, therefore the land of the future, where, in the ages that lie before us, the burden of the World’s history shall reveal itself. It is a land of desire for all those who are weary of the historical lumber-room of Old Europe.
    Georg Wilhelm Friedrich Hegel (1770–1831)

    The history of a soldier’s wound beguiles the pain of it.
    Laurence Sterne (1713–1768)

    There is a constant in the average American imagination and taste, for which the past must be preserved and celebrated in full-scale authentic copy; a philosophy of immortality as duplication. It dominates the relation with the self, with the past, not infrequently with the present, always with History and, even, with the European tradition.
    Umberto Eco (b. 1932)