Printed from http://www.electronista.com

Toshiba to merge chip operations with NEC?

updated 03:55 pm EST, Fri January 30, 2009

Toshiba, NEC chip merger?

Toshiba is said to be in negotiations with the semiconductor unit of NEC to merge part of its chip operations as it struggles with dropping demand, according to a Friday report for the International Herald Tribune. The source remains unnamed as the talks weren't made public by either company, and Toshiba wouldn't comment on the rumors. The majority, some 65 percent, of NEC is owned by Toshiba, and the parent company has gone on record to say Japanese chipmakers need to consolidate operations in order to be profitable worldwide.

Toshiba has said it would consider sharing its system and discrete chip manufacturing capacities to help it cut down on costs. NEC has made a similar statement, saying it needs to prioritize operational changes, but adding it would cut costs to the tune of $890 million over two years and getting rid of 1,200 contract positions.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

ActvContent Sync Smartband

Smartbands of all sorts are hitting the market. Some build on the buzz around fitness trackers, while others offer simpler features fo ...

RocketStor 6324L Thunderbolt 2 eSATA bridge

Like it or not, the shift to Thunderbolt is underway. The connection is extremely flexible, allowing for video and data to co-habitate ...

Patriot Stellar Boost XT 64GB USB 3.0 drive

A vast selection of USB memory sticks means that consumers can often find exactly the size drive they need in a configuration that can ...

Sponsor

toggle

Most Commented

 
toggle

Popular News