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NEC Electronics history
NEC Electronics company history timeline
In February 2002 NEC sold about a one-third interest in NEC Mobiling, Ltd., a distributor of mobile phones and developer of software for mobile and wireless communications network systems, to the public.
Earth Simulator began operation in March 2002 as initially planned.
Earth Simulator began operation in March 2002 as initially planned. It was the clear winner in the TOP500 supercomputer performance ranking in June 2002 and stayed on top for two and a half years.
An additional 14,000 job cuts were announced in early 2002, along with additional plant closings and the elimination of certain noncore product lines.
NEC then reduced its stake in the newly formed company to 70 percent through a July 2003 IPO that raised ¥155.4 billion ($1.31 billion).
As the cost of supercomputers declined, their use spread to the world of online gaming. It did not hold this position for long, however, as in 2004 a prototype of IBM’s Blue Gene/L, with 8,192 processing nodes, reached a speed of about 36 TFLOPS, just exceeding the speed of the Earth Simulator.
In particular, the 5th through 10th fastest Chinese supercomputers in 2007 were owned by a company with online rights in China to the electronic game World of Warcraft, which sometimes had more than a million people playing together in the same gaming world.
The first computer to exceed 1,000 TFLOPS, or 1 petaflop, was built by IBM in 2008.
NEC formed a joint venture with the Chinese personal computer maker Lenovo in 2011.
The joint venture, Lenovo NEC Holdings, had about 25 percent of the Japanese personal computer market and was almost completely acquired by Lenovo in 2016.
In 2017, the company was featured on the Fortune 500 list.
Became a Gold Partner for the Tokyo 2020 Olympic and Paralympic Games in the categories of “Specialist Public Safety Equipment & Software” and “Network Equipment”
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NEC Electronics competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Unimax | 1991 | $490,000 | 6 | - |
| STMicroelectronics | 1987 | $16.1B | 46,000 | 7 |
| Renesas Electronics | 2002 | $756.5B | 18,753 | 64 |
| Freescale Semiconductor Holdings V Inc | 2006 | $4.6B | 16,800 | - |
| Tokyo Electron US | 1994 | $1.3T | 12,742 | 22 |
| Kurt J. Lesker | 1954 | $390,000 | 10 | 27 |
| Kulicke & Soffa | 1951 | $706.2M | 2,469 | 3 |
| National Semiconductor | 1959 | $1.4B | 5,800 | - |
| DCG Systems | 2008 | $11.0M | 89 | 4 |
| Lattice Semiconductor | 1983 | $509.4M | 747 | 6 |
NEC Electronics history FAQs
Zippia gives an in-depth look into the details of NEC Electronics, including salaries, political affiliations, employee data, and more, in order to inform job seekers about NEC Electronics. The employee data is based on information from people who have self-reported their past or current employments at NEC Electronics. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by NEC Electronics. The data presented on this page does not represent the view of NEC Electronics and its employees or that of Zippia.
NEC Electronics may also be known as or be related to NEC Electronics, NEC Electronics America Inc, NEC Electronics Corp. and Nec Electronics Inc.