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edia reports, Hitachi, Mitsubishi Electric and IC LT1777CS and NEC are close to reaching an agreement: NEC Electronics and Renesas Technology to provide 200 billion yen in financial assistance. Reported that the majority of assistance will help Renesas (Hitachi and Mitsubishi Electric joint venture) selling new shares to its parent. NEC is likely to become the largest shareholder in the merged entity.

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SEAJ said, as semiconductor manufacturers to reduce investment, Japanese chip equipment in the near future can not be recovered. EC Electronics and LT1777CS Suppliers and Renesas Technology merger will create Japans largest chip maker, in the global automotive and consumer electronics micro-controller chips will account for more than 30% market share, competitors fly three times thinking Carl.

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Hong Kong-listed Galaxy Semi-Conductor Holdings announced that its wholly-owned subsidiary Changzhou Galaxy Semiconductor received from three companies on the acquisition of its joint venture surplus Galaxy Technology Development Co., Ltd. 35% of the shares. Including 24 million to acquire overseas Hong Galaxy Electronics Science and LT1777CS Price and Technology held a 15% stake; $ 246,700 held by the acquisition of Galaxy Electronics Flower & Technology 15.42% stake; $ 73,300 acquisition of the Guangdong science and technology often holds 4.58% stake in Galaxy . n a statement today that the final merger of the two "clear" agreement would be postponed to the end of September. According to the preliminary agreement in April show that due diligence has been completed the two final agreement being studied.

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