Products will be in the auto and industrial markets
Last modified on Thursday, 18 September 2008 08:09
NEC Electronics Corporation of Japan and Elmos Semiconductor AG of Germany have announced a joint development effort to develop semiconductor products that will be competitive in the automotive industry market and industrial commercial markets.
The two companies apparently plan to offer packaged products that combine NEC Electronics' strength in microcontrollers along with Elmos Semiconductor's expertise in analog chip technologies, allowing them to produce more efficient, smaller semiconductors, according to an NEC spokesman. The NEC spokesman also said the combination with Elmos was aimed at boosting competitiveness, but a side benefit could be lower costs as a result of selling more products.
Shares of NEC Electronics jumped more than four percent after the announcement, which is NEC Electronics’ second recent partnership announcement after last weeks announcement that it would partner with IBM to shrink size and boost performance at lower costs for next-generation microchips.