Renesas Technology, Sharp Corporation and Powerchip Semiconductor to Establish Joint Venture Specializing in Drivers and Contro
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TOKYO, February 13, 2008 Renesas Technology Corp. (headquartered in Tokyo, Chairman & CEO Satoru Ito), Sharp Corporation (Osaka, President & COO Mikio Katayama), and Powerchip Semiconductor Corp. (Hsinchu, Taiwan, Chairman Frank Huang) today announced an agreement to establish a joint venture specializing in drivers and controllers for small- and mid-size LCDs. Consolidating the business operations of Renesas Technology and Sharp in this field, the new company will engage in the design, development, sales, and marketing of LCD drivers and controllers. Business operations related to these products will be transferred to the new company starting April 2008 for Renesas Technology, and by the end of fiscal 2008 for Sharp. The new company will begin full operations on April 1, 2008. |
