Oki Electric Industry, a Japanese telecommunications and semiconductors company, has developed a low power consumption gigabit high-speed network processor, ML7240, for the network equipment market..

Japanese semiconductor manufacturer Rohm has agreed to acquire the microchip operations of its rival Oki Electric for approximately JPY 95bn ($913m).

Eudyna Devices Inc., Mitsubishi Electric Corp., NEC Electronics Corp., Oki Electric Industry Co., Ltd., Opnext, Inc.

Oki Electric Industry has signed an agreement with Alcatel-Lucent, a provider of voice, data and video communication services, to jointly market Oki's mobile WiMAX terminals to the worldwide market.

By Kyodo News International, Tokyo Apr. 16--TOKYO -- Oki Electric Industry Co. said Monday it has developed a small-size automated teller machine suitable for installation at small branches of Chinese financial institutions and convenience stores.