Renesas and NEC Electronics (TYO:6723) to Get Financial Aid for Merger

  Tokyo, Japan, Aug 26, 2009 - (ABN Newswire) - Renesas Technology Corp. and NEC Electronics Corp. (TYO:6723) could receive a total of 200 billion yen in financial assistance from their parent companies to proceed the proposed merger, said Japanese media.Renesas, Japan's second-largest chipmaker, and NEC Electronics agreed earlier this year to merge by next April. Due diligence has shown that Renesas' large liabilities will need to be addressed.  

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