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Toshiba, NEC negotiating on merger of semiconductor businesses

2, 10. 2009

   Toshiba Corp. and NEC Corp. are negotiating toward a merger of their semiconductor businesses, newspapers reported on Jan. 30, 2009. The reports said that the two companies were trying to jointly cope with their declining business caused by the worldwide economic recession. They noted there is the possibility of restructuring of the semiconductor industry in the future.

   According to the reports, Toshiba is expected to separate its LSI (large-scale integration) division and have it merge with NEC Electronics, the semiconductor subsidiary of NEC. The reports also said, however, that NEC is studying the possibility of concluding similar arrangements with Fujitsu Limited, indicating that the future of the Toshiba-NEC talks is still unpredictable.

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