InfoAnda - Japan firms talk on system chip tie in reform drive: sources |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Intel restructures after executive departs | Technology | | 14 September 2009
Pakistan to announce monetary policy on March 27 | 9 March 2010
US to ease prosecutions for 'medical marijuana' use | 20 October 2009

FCC to take another look at Janet Jackson case | 16 September 2009

Forum Views () Forum Replies ()

Read more with google mobile : Japan firms talk on system chip tie in reform drive: sources |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Davos 2012 Technology Media Small Business Legal Deals Earnings Summits Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Mohamed El-Erian Lawrence Summers Susan Glasser The Great Debate Steven Brill Geraldine Fabrikant Jack & Suzy Welch Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) VIDEO Phone app stops driver texting A new cell phone application limits distracted driving by prohibiting the ability to text or e-mail when the device is traveling more than 15 miles per hour. It can also track the mobile user's location using GPS. Video "Sky villages" elevate debate over tsunami security Algorithm charts the way to music success Nikon captures "big picture" with D800 Follow Reuters Facebook Twitter RSS YouTube Read Three-state sweep revives Santorum's White House hopes 2:01am EST Romney's lead dips despite wins: poll 07 Feb 2012 Chinese official takes "leave" in blow to ambitious Bo Xilai 1:01am EST U.S. authorities looking into Murdoch foreign payments 07 Feb 2012 Hacker releases Symantec source code 07 Feb 2012 Discussed 450 FBI warns of threat from anti-government extremists 195 Job growth seen slowing after holiday boost 113 Romney’s lead dips despite wins: Reuters/Ipsos poll Watched Europe's roads buried under snow and ice Tue, Feb 7 2012 Jet engine bike passes test-fire trial ahead of speed record bid Mon, Feb 6 2012 Obama hosts science fair Tue, Feb 7 2012 Japan firms talk on system chip tie in reform drive: sources Tweet Share this Email Print Related News Renesas, Fujitsu, Panasonic to merge system chip ops: report Tue, Feb 7 2012 Panasonic headed for record $10 billion annual loss Fri, Feb 3 2012 CORRECTED-UPDATE 4-Panasonic to warn of record $9.2 bln annual loss - media Fri, Feb 3 2012 UPDATE 4-Elpida in big quarterly loss as tie-up talks swirl Thu, Feb 2 2012 Nikkei eases; loss forecasts hit Nintendo, NEC Fri, Jan 27 2012 Related Topics Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » Media » Japan » By Reiji Murai and Maki Shiraki TOKYO | Wed Feb 8, 2012 2:35am EST TOKYO (Reuters) - Renesas Electronics and two other big Japanese chip makers are in talks to combine their struggling system chip operations in a government-backed deal, sources said, as pressure mounts for drastic reforms to confront stiff global competition. Fujitsu Ltd, Panasonic Corp and Japan's government-backed Innovation Network Corp, an investment fund, would also be part of the deal, which could outsource production to privately held chip maker GlobalFoundries, sources familiar with the matter said. Japan's once high-flying chip sector has been forced into a series of mergers and restructuring drives over the past decade to keep up with aggressive competitors in the United States, South Korea and Taiwan, led by Intel Corp and Samsung Electronics. Under the latest plan, the new company will develop system chips, which serve as the brains of electronic gadgets and automobiles, but outsource production. The move would revamp a money-losing division for Renesas, a market leader in system chips by sales ahead of Intel and Broadcom Corp, and allow Panasonic and Fujitsu to focus on more profitable businesses. "This is just one of many options under consideration," one of the sources said, adding that other areas of the chip sector were also under discussion and there could be further twists and turns as talks proceed. As part of the deal, the sources said California-based GlobalFoundries could also buy cash-strapped Elpida Memory's chip production plant in Hiroshima, while the Nikkei business daily said Elpida, which has been battered by a strong yen and tumbling memory chip prices, would move its DRAM chip production to Taiwan. The news sparked a surge in chipmaker shares, with Renesas jumping as much as 14 percent to a three-month high of 576 yen and Elpida climbing to an intraday high of 374 yen, up nearly 10 percent. Fujitsu rose 5 percent to 399 yen. "The first observation is that it looks good for every company -- Elpida, Fujitsu, Panasonic and Renesas," said Yasuo Sakuma, portfolio manager at Bayview Asset Management. But he remained skeptical. "It's like the bad parts of a banana, apple and orange getting put together in a mixer to make juice. If you drink that it may taste good the first time. But the juice will go bad in a couple of days." BAD JUICE? Renesas, Fujitsu and Panasonic said separately that no decisions had been taken regarding their chip businesses, while Elpida said the report on the sale of the Hiroshima plant was incorrect, but gave no details. The Nikkei said the three companies were expected to hammer out a basic agreement by the end of March and would aim to set up a new company by the end of this year. But one of the sources suggested the time frame was too ambitious, especially given that various options were under review. Haruo Sato, senior analyst at Tokai-Tokyo Securities, saw potential snags to an agreement. "The top management of the three companies would have to reach agreements on tough issues such as allocation of resources, including job cuts. I think it will be extremely hard for them to reach a compromise," he said. The Japanese government is wary of allowing technology know-how to disappear overseas and used its Innovation Network fund in a similar move last year, announcing plans to merge the small to medium sized liquid crystal display (LCD) panel operations of three firms into a new company. Japanese chipmakers have been hit hard over the past year by a sluggish economy and a strong yen, with many falling into the red on an operating basis. Renesas, itself the product of successive mergers of the chip divisions of Hitachi, Mitsubishi Electric and NEC Corp, reported an operating loss of 33.2 billion yen ($430 million) for the nine months to December 31. Elpida, set up to take over the struggling DRAM operations of several Japanese chipmakers a decade ago and now scrambling to meet debt repayment deadlines in late March and early April, last week posted a wider-than-expected 43.8 billion yen operating loss for the October-December quarter. Speculation has swirled that Elpida was seeking a rescue deal with U.S. DRAM maker Micron Technology and its Taiwanese technology partner, Nanya Technology, although Elpida President Yukio Sakamoto has played down the need for an immediate equity tie-up. Japanese chip industry leader Toshiba which has largely remained above the merger fray in recent years, cut its full-year operating profit forecast by one-third to 200 billion yen after posting a 72 percent drop in third-quarter profit. ($1 = 76.95 yen) (Additional reporting by Nobuhiro Kubo, Miki Kayaoka, Dominic Lau, Emi Emoto and Chikafumi Hodo in Tokyo; Writing by Edmund Klamann, Editing by Richard Pullin) Tech Deals Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Global Deals Review Inflows Outflows Media Japan Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Advertise With Us Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Wednesday, 8 February 2012
Renesas, Fujitsu, Panasonic to merge system chip ops: report |
German police use Facebook pictures to nab crooks |
Chris Brown returns to Grammys; Rihanna also to perform |
Dierks Bentley new album brings country fans Home |
Attacks in Syria's Homs resume after Russian peace foray |
Maldives installs new president amid coup allegations |
NATO, Afghan and Pakistan officials to hold border talks |
South Korea opposition party says it will repeal U.S. trade deal |
Cubans say U.S. embargo a failure at 50 |
Egyptians must work to end military rule: ElBaradei |
U.S. drone attack kills 10 in Pakistan: officials |
Argentina condemns British militarization in Falklands |
Chinese official takes leave in blow to ambitious Bo Xilai |
Analysis: More than just Great Firewall awaits Facebook in China |
Amazon and Viacom close to Web video deal |
Yahoo chairman exits, review drags on |
Samsung says TV sales stronger; plans to launch low-end TVs |
CalSTRS wants Facebook board to expand, add women |
Halliburton to abandon BlackBerry, turn to iPhone |
RIM tells European developers it's ready to compete |
Japan firms talk on system chip tie in reform drive: sources |
Chris Brown returns to Grammys; Rihanna also to perform |
Ellen breaks silence on furor over J.C. Penney gig |
Madonna world tour to start on May 29 |
Records tumble at Christie's art sale |
American Idol producer goes on attack against rivals |
The Fray display Scars with confidence on new album |
Signs build that Iran sanctions disrupt food imports |
Insight: In Sudan, glimpses of an Arab spring |
Sexual abuse silence deadly for Church: Vatican official |
U.S., Japan decouple Marines Guam move from Okinawa base |
Mogadishu car bomber kills at least nine: police |
Egypt will not be swayed by aid threat in NGOs case: PM |
No immunity for Yemen's Saleh abroad: Human Rights Watch |
Optimism springs eternal in Cisco shares ahead of results |
Sprint loss widens on iPhone costs |
AOL hires chief content officer for troubled Patch |
Silicon Graphics shares dive on margin worries |
News Corp reaches more phone hacking settlements |
Nokia to axe 4,000 jobs, move assembly to Asia |
Avid shares surge on first profit in 4 years |
Inmarsat has not received bid approaches: source |
Downton Abbey brings cool TV crowd to America's PBS |
Berlin film festival aims for cutting edge in 2012 |
A Minute With: Rachel McAdams on remembering her Vow |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01