NEC and Renesas have confirmed plans to merge next year, in a deal that will create the biggest chip maker in Japan and the third-largest microchip firm in the world. The companies aim to close the deal by April 2010.
"In order to overcome the current extremely difficult time, we have come to believe it is extremely important that we create a semiconductor company that can flourish in the international market place," says NEC president, Kaoru Yano.
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