NEC Electronics targets $120 bn sales by 2010

Bangalore, Feb 13 (UNI) Japan-based NEC Electronics Corporation, a leading provider of System-on-Chip (SoC), micro-controller and semiconductor solutions, aims at achieving sales worth 120 billion Dollar by 2010, company President and CEO Toshio Nakajima said today.

Announcing the opening of the company's first Indian Liaison Office here, he said ''Bangalore has become one of the world's major hubs for technology and development and India is home to the fastest growing semiconductor market in Asia. The new Liaison Office underscores NEC Electronics' commitment to our local and global customers in this rapidly growing market.'' The company, with 5.9 billion Dollar sales as on March 31, 2007, aimed at increasing its market share in the coming years and the Liaison Office opened in India would achieve the target, he added.

He said the company's strategy for India included cultivating relationships and business opportunities with local companies, supporting global multinational corporations (MNCs) doing business in India and forming partnerships with design companies.

Dr Krishnan Neelankan, Director of the new Liaison Office, said the company was planning to enter the home appliances segment. At present, NEC Electronics Corporation specialised in semiconductor products encompassing advanced technology solutions for the high-end computing and broadband networking markets, system solutions for the mobile handset, PC peripherals, automotive and digital consumer markets and platform solutions to a wide range of customer applications.

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