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

Logitech Hyperion Fury mouse

Selecting the correct gaming mouse comes down to finding a device that balances the needs of a user with a price they can afford. Ofte ...

Life n Soul BM211 Bluetooth speaker

Bluetooth speakers aren't only for listening to some music at the park or on a long bus ride, but can also be built with tablets in mi ...

Epson PowerLite Home Cinema 2030 projector

With high-definition televisions now the standard, 4K televisions becoming the next big thing, and plasma TVs going the way of the din ...

Sponsor

toggle

Most Commented

 
toggle

Popular News