NEC approached by US fund as chip unit faces delisting
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A U.S. private investment company appears to be trying to grab a larger stake of Japan's NEC Electronics.
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SANTA CLARA, Calif., June 18  /PRNewswire/ -- NEC Electronics America, Inc. today introduced to the Americas two new additions to its lineup of system LSI chips based on the enhanced multimedia architecture (EMMA(R)) platform.
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Company is considering a gradual exit from processor sales.
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German electronics giant Siemens is planning to de-list its shares from the New York Stock Exchange because of the high costs of maintaining a listing on Wall Street.
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Japanese chips-to-computers conglomerate Fujitsu Ltd. said on Sunday it is in talks with Sharp Corp., the world's largest maker of LCD televisions, to sell its loss-making LCD panel operations.
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Is the chip giant bargain-shopping or just wasting money?
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Fujitsu announced plans to move its chip operations into a new unit, sparking a drop in stock prices.
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Staff at Sanmina in Lisburn, have been told the plant is shutting down and relocating.The US owned company, which makes computer cabinets, wants to move to Hungary in a bid to lower its wage bill.  (c) 2007 Belfast Telegraph. Provided by ProQuest Information and Learning.
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Chartered Semiconductor (CSMF.SI: Quote, Profile, Research) , the world&#39;s third-largest contract microchip maker, will receive a $653 million loan from US bank JP Morgan (JPM.
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No hard feelings. Intel (nasdaq: INTC - news - people ) has hired away hundreds of engineers from Hewlett-Packard (nyse: HPQ - news - people ). However, it is unlikely to cause friction between the chipmaker
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Japan&#039;s NEC Corp. said on Monday it has  agreed with Matsushita Electric to discuss ways to cooperate in  their cellphone business, the latest bid to turn around their  loss-making operations.
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A combination of National, Alamo, Thrifty and Dollar in a deal valued at more than $3 billion is being discussed.
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U.S. investment fund Perry Capital has  offered to buy an additional 25 percent stake in ailing  Japanese chip maker NEC Electronics Corp. (6723.T) for 154  billion yen ($1.27 billion), a source close to the matter said  on Wednesday.
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Beginning in December, NEC will rent out SX-8s for about $11,000 per month. The single-node model, with up to eight CPUs, has a peak performance of 128 gigaflops.
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(InfoWorld) - U.S. government antitrust regulators have asked Intel Corp. and STMicroelectronics NV to provide more information about theirÂ plan to spin off their flash memory unit into a new company, the vendors said Thursday. The U.S. Federal Trade Commission made the request as part of its regulatory review in an effort to ensure the deal does not violate antitrust laws, according to Intel. If FTC investigators approve the terms, Intel and ST will be able to close the deal after a 30-day waiting period, the company said. "These kinds of transactions are reviewed by the FTC and it's not unusual for them to come back and ask for more information," said Intel spokesman Tom Beermann. Intel plans to comply with the request, but gave no deadline for providing the new information. "As part of the regulatory review, they do look at antitrust issues. This is a fairly complicated deal because there are three partners and there are different types of technology, and it is a fairly large deal," Beermann said. Intel and STMicroelectronics will share ownership of the new semiconductor business with ST holding a 48.6 percent stake, Intel owning 45.1 percent and private equity firm Francisco Partners LP holding 6.3 percent. The new company will be based in Switzerland and incorporated in the Netherlands. It will compete against flash vendors including Samsung Electronics Co. Ltd., Toshiba Corp. and Spansion Inc. Intel's main chip rival AMD spun off its flash unit in December 2005 to create Spansion. Intel and ST announced plans for the new business in May and expect it to employ about 8,000 staff. They will make NOR and NAND-type flash chips, which are typically used for storing data in consumer and industrial products such as cell phones, MP3 music players and digital cameras. Intel has struggled for years to make a profit from its flash business, and earlier in May said it would lay off as many as 1,000 workers when it closed an outdated flash plant in New Mexico. A spokeswoman for ST said the company also planned to comply with the FTC request, but would not confirm whether it was related to antitrust concerns. "We will provide all the information they need. The FTC needs it by the second half of 2007," said ST spokeswoman Carol Brown. "This is just part of the approval process." Â
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TOKYO: Shares in NEC Electronics Corp had their biggest fall since Oct 12 following a report that said Japan&#39;s third biggest chipmaker will miss its profit forecast as demand declines for semiconductors used in mobile phones and DVD recorders.
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By Kyodo News International, Tokyo  Mar. 8--TOKYO -- NEC Corp. has asked Nasdaq Stock Market LLC for a  further extension to file its annual report for fiscal 2005 to March 31, 2006,  with the U.S. Securities and Exchange Commission, company officials said  Thursday.