48 Facts About NEC

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

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

Once Japan's major electronics company, NEC has largely withdrawn from manufacturing since the beginning of the 21st century.

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

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

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

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

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

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

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

NEC shares owned by International Standard Electric Corporation, an ITT subsidiary, and Western Electric affiliate were seized.

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

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

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

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

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

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

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

NEC supplied Comsat Corporation with the SPADE satellite communications system in 1971.

NEC designed an automated broadcasting system for the Japan Broadcasting Corporation the same year.

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

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

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

NEC changed its English company name to NEC Corporation the same year.

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

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

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

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

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

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

Around this time, NEC 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.

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

In 2004, NEC 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.

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

On January 27, 2011, NEC formed a joint venture with Chinese PC maker Lenovo, the fourth largest PC maker in the world.

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

On January 26, 2012, NEC Corporation announced that it would cut 10, 000 jobs globally due to a big loss on NEC's consolidated financial statement in line with the economic crisis in Europe and lagged in the development of smartphones in the domestic market compared to Apple and Samsung.

Previously, in January 2009 NEC has cut about 20, 000 jobs, mainly in sluggish semiconductor and liquid crystal display related businesses.

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

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

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

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

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

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

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

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

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

NEC used to own Montedio Yamagata of the football J League, but as of 2009 just sponsors them along with other local companies.