42 Facts About NEC Corporation

1.

NEC Corporation is a Japanese multinational information technology and electronics corporation, headquartered in Minato, Tokyo.

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2.

NEC Corporation was known as the Nippon Electric Company, Limited, before rebranding in 1983 as NEC.

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3.

NEC Corporation spun off its semiconductor business to Renesas Electronics and Elpida Memory.

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4.

Once Japan's major electronics company, NEC Corporation has largely withdrawn from manufacturing since the beginning of the 21st century.

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5.

NEC Corporation modernized the production facilities with the construction of the Mita Plant in 1901 at Mita Shikokumachi.

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6.

NEC Corporation entered the China market in 1908 with the implementation of the telegraph treaty between Japan and China.

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7.

Thanks to this third expansion plan, NEC Corporation expanded at a time when much of the rest of Japanese industry contracted.

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8.

In 1919, NEC Corporation started its first association with Sumitomo, engaging Sumitomo Densen Seizosho to manufacture cables.

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9.

Four of NEC Corporation's factories were destroyed, killing 105 of NEC Corporation's engineers and workers.

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10.

NEC Corporation participated in the installation of the automatic switching systems, ultimately becoming the general sales agent for ATM.

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11.

NEC Corporation developed its own Strowger-type automatic switching system in 1924, a first in Japan.

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12.

NEC Corporation re-opened its major plants by the end of January 1946.

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13.

NEC Corporation received the Deming Prize for excellence in quality control in 1952.

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14.

NEC Corporation began joint research and development with NTT of electronic switching systems the same year.

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15.

NEC Corporation established Taiwan Telecommunication Company as their first postwar overseas joint venture in 1958.

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16.

In September 1958, NEC Corporation built their first fully transistorized computer, the NEAC-2201, with parts made solely in Japan.

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17.

NEC Corporation began integrated circuit research and development in 1960.

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18.

In 1963 NEC Corporation started trading as American Depositary Receipts, ten million shares being sold in the United States.

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19.

NEC Corporation supplied KDD with submarine cable systems for laying in the Pacific Ocean in 1964.

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20.

In 1980, NEC Corporation created the first digital signal processor, the NEC Corporation µPD7710.

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21.

NEC Corporation introduced the 8-bit PC-8800 series personal computer in 1981, followed by the 16-bit PC-9800 series in 1982.

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22.

In 1983 NEC Corporation stock was listed on the Basel, Geneva, and Zurich, Switzerland exchanges.

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23.

In 1986, NEC Corporation delivered its SX-2 supercomputer to the Houston Advanced Research Center, The Woodlands, Texas.

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24.

Also that year, NEC Corporation licensed technology from Hudson Soft, a video game manufacturer, to create a video game console called the PC-Engine .

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25.

Shortly thereafter, Magalhaes resumed the government contracts and corresponding payments, and NEC Corporation Brazil became valued at over 350million US dollars .

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26.

In 1997 NEC Corporation developed 4Gbit DRAM, and their semiconductor group was honored with one of the first Japan Quality Awards.

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27.

In June 1995, NEC Corporation purchased the California-based Packard Bell company to produce desktop PCs in a common manufacturing plant for the North American market.

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28.

In 2000, NEC Corporation formed a joint-venture with Samsung SDI to manufacture OLED displays.

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29.

Around this time, NEC Corporation collaborated with the UK Government to provide schools in the country with projectors for use in classrooms, most of which are still in use to this day.

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30.

NEC Corporation built the Earth Simulator Computer, the fastest supercomputer in the world from 2002 to 2004, and since produced the NEC Corporation N343i in 2006.

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31.

In 2004, NEC Corporation abandoned not only the OLED business, but the display business as a whole, by selling off their plasma display business and exiting from the joint-venture with Samsung SDI.

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32.

Samsung bought all of the shares and related patents owned by NEC Corporation, incorporating Samsung OLED, which subsequently merged with Samsung Display.

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33.

NEC Corporation will receive US$175 million from Lenovo through the issuance of Lenovo's shares.

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34.

In 2013 NEC Corporation was the biggest PC server manufacturer in Japan, with a 23.

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35.

NEC Corporation X created a corporate accelerator program that works with entrepreneurs, start-ups and existing companies to help them develop new products that leverage NEC Corporation's emerging technologies.

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36.

In December 2018, NEC Corporation announced that it would acquire KMD, the largest Danish IT company, for $1.

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37.

NEC Corporation has sold its sixty-year-old lighting business in April 2019.

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38.

In December 2020, NEC Corporation acquired Swiss digital banking solution developer Avaloq for US$2.

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39.

NEC Corporation was the main sponsor of the Davis Cup competition until 2002, when BNP Paribas took over the sponsorship.

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40.

NEC Corporation sponsored the English football club Everton from 1985 to 1995.

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41.

NEC Corporation signed a deal to sponsor the Sauber F1 Team from the 2011 season until the 2014 season.

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42.

NEC Corporation sponsored the Sahara Force India F1 Team for the 2015 season until its demise during the 2018 season.

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