NEC Electronics and Elpida Agree to Establish Joint Venture in Display Driver ICs

NEC Electronics Corporation and Elpida Memory, Inc. have agreed in principle to form a joint venture company in the field of display driver ICs.
NEC Electronics and Elpida have signed a Memorandum of Understanding to enter into a joint-venture agreement by the end of September 2008, and incorporate a new company by the end of 2008. NEC Electronics will hold approximately 80% and Elpida will hold approximately 20% of the new company stakes. The new company will engage in the development, design, and sale of display driver ICs.

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