SAN JOSE, Calif. — In an effort to reverse its misfortunes, Japan’s NEC Corp. is seeking business partners for its separate and loss-ridden cellular phone and semiconductor units, according to Reuters.
In its cellular phone business, NEC is seeking a “tie-up” with other partners in development and marketing, according to the report. The company is also considering a plan for an “all-out integration” of its mobile phone operations with a rival, the report said.
For its semiconductor unit, NEC is looking to reach an agreement with undisclosed partners on joint production of advanced chips in the next 18 months, according to the report.
Last month NEC Electronics Corp. and Toshiba Corp. announced that the two companies would share the development of 45-nm CMOS logic manufacturing processes. In addition, starting with this joint development, the two companies have begun discussions on the possibility of a comprehensive alliance that would range from design and product development through to manufacturing.
In October Kaoru Tosaka, president and chief executive of NEC Electronics, stepped down amid mounting losses for the semiconductor and electronics giant.