Tuesday, January 16, 2007
Powerchip Semiconductor Corp. and Renesas Technology Corp. intend to form a joint venture for the design of memory products, the companies said Tuesday (Jan. 16).
The new company will focus on embedded memory for system-in-package (SiP) products that ultimately will go into consumer and communication system designs from Renesas.
"In order to provide high-performance, low-cost SiP solutions quickly to market, we must be able to efficiently design advanced custom embedded memory. The joint venture company will strengthen our design capability in reaching out to this important market," Shigeru Mori, general manager of Renesas Technology's memory unit, said in a statement.
The two companies will pool engineering resources to create the new firm: Vantel Co., Ltd., which will be based in Tokyo, where Mori will serve as its president. Powerchip will have a 65 percent stake; Renesas 35 percent.
Powerchip has long had a close relationship with Renesas, going back to its Mitsubishi roots. These days, Renesas remains one of Powerchip's main foundry customers.
By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved
|
