NEC-Hitachi Memory Begins Design and Development Operations
Led by President Kenji Tokuyama, Elpida Memory, Inc. has been preparing for the start-up of operations since its founding on December 20th, 1999 through a number of initiatives, including the establishment of a head office in central Tokyo and the construction of business and IT systems for the new enterprise. On April 1st, NEC-Hitachi Memory will officially launch design and development operations.
NEC-Hitachi Memory will concentrate its design and development resources at the NEC Sagamihara Plant located in Sagamihara, Kanagawa Prefecture. Initially, approximately 200 staff will engage in the development of 256M-bit and 512M-bit DRAMs with 0.13-micron design rules. The new company is targeting 2001 for the commercialization of the next-generation DRAM it will develop.
The DRAM sales functions of NEC Corporation and Hitachi, Ltd. will be integrated into the new company by the end of 2000. DRAM products developed by NEC-Hitachi Memory are slated to be marketed under a common brand along with existing DRAM products through the new company's sales channels starting in 2001.
Information in this news release is current as of the timing of the release, but may be revised later without notice.