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NEC to spin off semiconductor business

Posted: 30 Jul 2002 ?? ?Print Version ?Bookmark and Share

Keywords:semiconductor? system LSI?

NEC Corp., as part of the NEC Group business reorganization, will separate its semiconductor business and transfer it to a new company to be named "NEC Electronics Corp." This reorganization is scheduled on November 2002.

Concentrating its management resources on system LSI business, the new company will aim to strengthen its global competitiveness and expand its business as a specialist enterprise by providing semiconductor solutions for high-end system needs.

According to NEC, Improving customer satisfaction will be its fundamental goal for all management decisions and this will be thoroughly embedded in the "pull-type operation" style adopted by the new company, where the customer is the starting point of all business activitiessales and marketing, product development, and manufacturing.

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