| Japanese, Taiwanese semiconductor makers agree to set up joint venture |
TOKYO, Jan 15 (AP) ¡ª Renesas Technology Corp., a major Japanese semiconductor maker, and Taiwan's Powerchip Semiconductor Corp., said Monday they will set up a joint venture to design memory chips that will have higher performance at a lower cost.
The Tokyo-based Renesas Technology will hold a 35 percent stake in the joint venture and the remaining 65 percent owned by Powerchip Semiconductor, Renesas said on its Web site.
The joint venture, to be set up next month in Tokyo, will specialize in designing advanced memory chips that will have more high-performance and a low cost, Renesas said.
Renesas, a company set up jointly by Japanese electronics makers Hitachi Ltd. and Mitsubishi Electric Corp. in 2003, is one of the largest semiconductor companies in the world and a leading microcontroller supplier globally. Renesas also offers system-on-chip devices, Smart Card ICs, mixed-signal products and flash memories.
Hitachi holds a 55-percent stake in Renesas and Mitsubishi Electric the remaining 45 percent stake.
Powerchip Semiconductor is Taiwan's largest memory chip maker by revenue.
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