Toppan and NEC to integrate board operations.Toppan Printing Co., Ltd. (Tokyo Tokyo (tō`kēō), city (1990 pop. 8,163,573), capital of Japan and of Tokyo prefecture, E central Honshu, at the head of Tokyo Bay. , Japan) and NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. Corp. (Tokyo, Japan) have signed a memorandum to establish a joint venture company and integrate their printed wiring board (PWB (Printed Wiring Board) An alternate term for printed circuit board. See printed circuit board. ), including high-density module board, operations. The goal of the venture is to enhance the competitiveness of the PWB business by utilizing the resources and strengths of both companies--Toppan's direct sales force and multi-layer technology and NEC's build-up build·up also build-up n. 1. The act or process of amassing or increasing: a military buildup; a buildup of tension during the strike. 2. board mass production technology and product design capability. Toppan Printing and NEC plan to establish and begin the new operation on October 1, 2002, with an initial staff of 2,100 (including 1,000 employees based overseas). The shareholding ratio of Toppan Printing and NEC in the new company will be 51 and 49 percent, respectively. The company name, board members and capital stock will be determined at a later date. |
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