NEC and Elpida have inked an agreement to form a joint venture company in the field of display driver ICs.

The companies plan to incorporate the new company by the end of 2008. NEC Electronics will hold an 80% stake and Elpida will hold a 20% stake in the yet-to-be-named company, which will develop, design, and sell display driver ICs.

The joint venture, in addition to manufacturing at NEC Electronics, will outsource its production to Elpida's Hiroshima plant, a 300-mm fab with a monthly capacity of approximately 120,000 wafers.

The companies said the joint venture will develop process technology to accelerate die size shrinkage by applying Elpida's DRAM process technology to NEC Electronics' driver IC development technology.

The two companies said they will work out further details of their joint-venture plan as they move forward.

By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved