Renesas Electronics to Acquire Nokia’s Wireless Modem Business; Companies to Form Strategic Business Alliance for Modem Technology Development

Espoo, Finland and Tokyo, Japan – Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, and Nokia Corporation, the world leader in mobile communications, today announced that they are deepening their collaboration by forming a strategic business alliance to develop modem technologies for HSPA+/LTE (Evolved High-Speed Packet Access / Long-Term Evolution) and its evolution. As part of this alliance, the companies have entered into an agreement whereby Renesa…

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