Chip Venture Started BRIEFLY BUSINESS ASIA By Bloomberg
January 16, 2007
Renesas Technology, the second-largest Japanese chip maker, said it will set up a venture with Powerchip Semiconductor of Japan to design memory chips used in consumer electronics and telecommunications equipment.
Powerchip will own 65 percent of the venture, while Renesas will hold the remaining 35 percent, Renesas said. The companies did not provide financial details for the venture, named Vantel, which will be set up in February.
(c) 2007 International Herald Tribune. Provided by ProQuest Information and Learning. All rights Reserved.