MegaChips and Kawasaki Microelectronics Plan to Merge
Apr 05, 2013 (Close-Up Media via COMTEX) --
MegaChips Corp. and its subsidiary, Kawasaki Microelectronics, Inc. announced they are officially merging and the Kawasaki subsidiary will now operate under the MegaChips Technology America Corp. name.
According to a release, customers benefit by having access to the combined technologies of both companies and the strength of a unified development team. The combined R&D and engineering will enable faster product development and lower customer cost. New products that will result from the merger will include devices targeted at the Smart Grid for energy management, security, image processing, networking and communications products
Akira Takata, president of MegaChips Corp. noted, "This merger will not only enable us to build a business portfolio with stable and continuous revenue and profits, but will also help us in worldwide expansion in areas such as product application, system planning and solution creation."
MegaChips, a fabless company, focuses on the development of system LSIs and systems products that incorporate original algorithms and architecture.
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