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Date: 21st Jan 07
Renesas and Powerchip agree for a joint
venture to design memory devices
A new joint venture company called "Vantel
Company Limited" will be launched by Renesas and Powerchip
to exclusively design memory products in Feb 2007. The Renesas
long known technology capabilities will be leveraged by the
production and quick turnaround capabilities of Powerchip.
Renesas is a Japanese based semiconductor manufacturer which
is formed few years back after merging Mitsubishi and Hitachi
semicondutor divisions. Powerchip is a leading producer of
DRAM, and Flash memory chips based in Taiwan.
The joint venture is aimed at providing
System In Package (SIP) solutions for growing consumer and
communications market.
In this new venture, 65% of the total investment
will be from powerchip and the rest 35% by Renesas. The company
will be head quartered in Japan.
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