Renesas & NEC Electronics Merged to Fight off Competition
Renesas president Yasushi Akao issued a letter to shareholders outlining his plans for the newly merged Renesas and NEC Electronics. In his letter Mr. Akao said they will focus on three key areas of technology; microcontrollers, SoC solutions, and analog & power devices as its core product areas. He also said he hope to attain operating for profit for fiscal year ending March 2011, and net profits for fiscal year ending March 2012.