Breaking News

ASUS Republic of Gamers Announces ROG Phone 7 Lenovo introduces Lenovo LOQ Gaming, Slim line Laptops and Tower PC for New Gamers Amazon Fire TV Surpasses 200 Million Fire TV Devices Sold Globally, Expands Amazon-Built TV Lineup, and Brings its Smart TV to More Countries Supercharge with Gen 5! MSI launches next Gen SSD - SPATIUM M570 HS COLORFUL Announces Battle-Ax Redline DDR5 and DDR4 Gaming Memory

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Sony NEC Optiarc Becomes a Wholly-Owned Subsidiary of Sony Group

Sony NEC Optiarc Becomes a Wholly-Owned Subsidiary of Sony Group

Optical Storage Sep 11,2008 0

Sony and NEC today announced that they have signed an agreement to transfer NEC’s 45% stock in Sony NEC Optiarc Inc. to Sony. Sony and NEC separated their optical disc drive businesses and combined each company’s respective strengths in the Sony NEC Optiarc Inc. joint venture, established April 3, 2006, with the aim of achieving further business expansion.

As a result of this agreement, Sony will make Sony NEC Optiarc Inc. a wholly-owned subsidiary of the Sony group. The companies "will seek to strengthen its interaction with Sony group’s product and device businesses to further streamline decision-making processes, enhance management responsiveness and further reinforce its next-generation optical disc drive business", according to an official announcement.

NEC will continue to contribute to the advancement of Sony NEC Optiarc Inc.’s optical disc drive products through the LSI development being carried out at NEC Electronics Corporation.

Upon transfer (December 2008), Sony NEC Optiarc will be renamed to Sony Optiarc Inc.. The new company will be responsible for the development, engineering, production, marketing and sales of optical disc drive products. The new company will be headquartered in Tokyo and its initail capital will be 5.1 billion yen. The company's directors wil be elected from within Sony Group.

Completion of the transfer is subject to the approval of governmental authorities and regulatory bodies required in certain countries.

Tags: Sony Optiarc
Previous Post
IBM and NEC to Jointly Develop Next-Generation Semiconductor Process Technology
Next Post
Pioneer to Introduce its First BD Recorders, New KURO Plasma Televisions in Japan

Related Posts

  • European Court Dismissed Optical Storage Makers' Appeal in Cartel Case

  • Optical Drive Makers Face EU Antitrust Fines

  • Sony Optiarc To Cease Operations

  • Sony Optiarc BWU-500S 12x Blu-ray Disc Burner Available in the U.S.

  • Sony Optiarc Releases New DVD Rewritable Drives

  • New Optiarc DRX-S77U DVD Burner Coming This Month

  • Sony Optiarc Launches Stylish DRX-S70U-W DVD Burner

  • Optiarc Europe to Offer Sony Branded 8x BD Writer, New Slimtype DVD Burner

Latest News

ASUS Republic of Gamers Announces ROG Phone 7
Smartphones

ASUS Republic of Gamers Announces ROG Phone 7

Lenovo introduces Lenovo LOQ Gaming, Slim line Laptops and Tower PC for New Gamers
Gaming

Lenovo introduces Lenovo LOQ Gaming, Slim line Laptops and Tower PC for New Gamers

Amazon Fire TV Surpasses 200 Million Fire TV Devices Sold Globally, Expands Amazon-Built TV Lineup, and Brings its Smart TV to More Countries
Consumer Electronics

Amazon Fire TV Surpasses 200 Million Fire TV Devices Sold Globally, Expands Amazon-Built TV Lineup, and Brings its Smart TV to More Countries

Supercharge with Gen 5! MSI launches next Gen SSD - SPATIUM M570 HS
PC components

Supercharge with Gen 5! MSI launches next Gen SSD - SPATIUM M570 HS

COLORFUL Announces Battle-Ax Redline DDR5 and DDR4 Gaming Memory
PC components

COLORFUL Announces Battle-Ax Redline DDR5 and DDR4 Gaming Memory

Popular Reviews

Withings Thermo Wi-Fi-connected temporal thermometer

Withings Thermo Wi-Fi-connected temporal thermometer

Withings Body Plus Scale

Withings Body Plus Scale

Withings Sleep Analyzer

Withings Sleep Analyzer

EnGenius ECW230 Access Point

EnGenius ECW230 Access Point

Pioneer BDR-S13U-X Blu-Ray Recorder

Pioneer BDR-S13U-X Blu-Ray Recorder

EnGenius ECW230S AP

EnGenius ECW230S AP

Noctua NH-D12L CPU Cooler

Noctua NH-D12L CPU Cooler

be quiet! Pure Rock 2 FX

be quiet! Pure Rock 2 FX

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed