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===2000 to present=== [[File:Kaoru Yano cropped 2 Kaoru Yano and Sebastian Pinera 20101115.jpg|thumb|160px|Kaoru Yano, the previous chairman of NEC]] In 2000, NEC formed a joint-venture with [[Samsung SDI]] to manufacture [[OLED]] displays.<ref name=eetimes2000>{{cite news|url=https://www.eetimes.com/samsung-and-nec-set-up-joint-display-venture/|title=Samsung and NEC set up joint display venture|last=Robertson|first=Jack|work=[[EE Times]]|date=6 December 2000|access-date=1 June 2024}}</ref> [[NEC Electronics]] Corporation was separated from NEC in 2002 as a new semiconductor company.<ref name=eetimes2002a>{{cite news|url=https://www.eetimes.com/nec-spins-off-semiconductor-operations/|title=NEC spins off semiconductor operations|last=Hara|first=Yoshiko|work=[[EE Times]]|date=1 November 2002|access-date=1 June 2024}}</ref> NEC Laboratories America, Inc. (NEC Labs) started in November 2002 as a merger of NEC Research Institute (NECI) and NEC USA's Computer and Communications Research Laboratory (CCRL).<ref name=eetimes2002b>{{cite news|url=https://www.eetimes.com/nec-merges-research-laboratories/|title=NEC merges research laboratories|last=Robertson|first=Jack|work=[[EE Times]]|date=23 September 2002|access-date=1 June 2024}}</ref> NEC built the [[Earth Simulator]] Computer (ESC), the fastest [[supercomputer]] in the world from 2002 to 2004.<ref name=top500gen1>{{cite web|url=https://www.top500.org/resources/top-systems/the-earth-simulator-earth-simulator-center/|title=The Earth Simulator|website=[[TOP500]]|access-date=1 June 2024}}</ref> In 2003 NEC had a 20.8% market share in the personal computer market in Japan, slightly ahead of Fujitsu.<ref>Page 110, Industrial Development in Postwar Japan by Hirohisa Kohama, {{ISBN|978-0415437073}}</ref> 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.<ref>{{Cite web|url=https://www.eetimes.com/document.asp?doc_id=1148370|title=NEC drops its OLED business}}</ref><ref>{{Cite web|title=Samsung SDI to merge with Samsung OLED {{!}} OLED-Info|url=https://www.oled-info.com/samsung/samsung_sdi_board_approves_plan_to_absorb_portable_display_unit|access-date=2020-07-02|website=www.oled-info.com}}</ref> In 2007, NEC and [[Nissan]] Co. Corp. started evaluating a joint venture to produce [[lithium ion]] batteries for [[hybrid vehicle|hybrid]] and [[electric car]]s.<ref>{{Cite web|url=http://sg.biz.yahoo.com/070123/1/464td.html|archiveurl=https://web.archive.org/web/20080111155214/http://sg.biz.yahoo.com/070123/1/464td.html|url-status=dead|title=Mitsubishi Heavy to make lithium ion car batteries<!-- Bot generated title -->|archivedate=11 January 2008}}</ref> The two companies established [[Automotive Energy Supply Corporation]] as a result. On April 23, 2009, [[Renesas Technology]] Corp and NEC Electronics Corp struck a basic agreement to merge by around April 2010.<ref>{{cite web| author = Bijoy Koyitty|author2=Deepak Kannan| title = Renesas, NEC reach basic agreement to merge: Nikkei| url = https://www.reuters.com/article/innovationNews/idUSTRE53M7B020090423| work = reuters.com| publisher = [[Thomson Reuters]]| date = 2009-04-23| access-date = 2009-05-14| quote = Renesas Technology Corp and NEC Electronics Corp (6723.T) have struck a basic agreement to merge by around next April, the Nikkei business daily reported.}}</ref> On April 1, 2010, NEC Electronics and Renesas Technology merged forming [[Renesas Electronics]] which is set to be fourth largest semiconductor company according to iSuppli published data.<ref>{{cite web |url=http://www.electronicsweekly.com/Articles/2010/04/02/48342/renesas-electronics-is-biggest-non-memory-chip-firm.htm|title=Renesas Electronics is biggest 'non-memory' chip firm|publisher= ElectronicsWeekly.com|date=2 April 2010|access-date=2010-04-03}}</ref> By Q3 2010, NEC held a 19.8% market share in the PC market in Japan.<ref>{{cite web|url=http://www.pcworld.com/article/217946/article.html|title=Lenovo, NEC Form PC Joint Venture in Japan|website=PCWorld|access-date=14 August 2018}}</ref> On January 27, 2011, NEC formed a joint venture with Chinese PC maker [[Lenovo]], the fourth largest PC maker in the world. As part of the deal, the companies said in a statement they will establish a new company called Lenovo NEC Holdings B.V., which will be registered in the Netherlands. NEC will receive US$175 million from Lenovo through the issuance of Lenovo's shares. Lenovo, through a unit, will own a 51% stake in the joint venture, while NEC will hold a 49% stake.<ref>{{cite news|url=https://online.wsj.com/article/BT-CO-20110127-705212.html|title=NEC Forms PC Joint Venture With Lenovo, Posts Wider Loss|work=[[Wall Street Journal]]|date=2011-01-27|access-date=2011-02-09}}{{Dead link|date=March 2023 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> In February 2011, ''[[Bloomberg News]]'' said the joint venture would allow Lenovo to expand in the field of [[Server (computing)|servers]], and NEC's Masato Yamamoto said NEC would be able to grow in [[China]].<ref>{{cite news|url=http://blogs.newsobserver.com/business/lenovo-and-nec-may-team-up-on-servers|title=Lenovo and NEC may team up on servers|last=Ranii|first=David|work=[[News & Observer]]|date=2011-02-09|access-date=2011-02-09|archive-url=https://web.archive.org/web/20110210192407/http://blogs.newsobserver.com/business/lenovo-and-nec-may-team-up-on-servers|archive-date=2011-02-10|url-status=dead}}</ref> 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.<ref>{{cite web |url=http://www.thejakartapost.com/news/2012/01/28/japans-electronics-industry-forced-eliminate-tens-thousands-jobs.html |title=Japan's electronics industry forced to eliminate tens of thousands of jobs |date=January 28, 2012 |access-date=January 31, 2012 |archive-url=https://web.archive.org/web/20120130010214/http://www.thejakartapost.com/news/2012/01/28/japans-electronics-industry-forced-eliminate-tens-thousands-jobs.html |archive-date=January 30, 2012 |url-status=dead |df=mdy-all }}</ref> In 2013 NEC was the biggest PC server manufacturer in Japan, with a 23.6% share.<ref>{{cite web|url=http://asia.nikkei.com/Business/Companies/Lenovo-hopes-to-dominate-Japan-server-PC-markets|title=Lenovo hopes to dominate Japan server, PC markets|website=Nikkei Asian Review|access-date=14 August 2018}}</ref> In August 2014, NEC Corporation was commissioned to build a super-fast undersea data transmission cable linking the United States and Japan for a consortium of international companies consisting of [[China Mobile|China Mobile International]], [[China Telecom|China Telecom Global]], Global Transit, [[Google]], [[KDDI]] and [[SingTel]]. The pipeline went online June 30, 2016.<ref name="JapanUSA">{{cite news|title=High-speed Undersea Cable to Link US, Asia|url=http://www.thetokyonews.net/index.php/sid/224686765|date=12 August 2014|access-date=13 August 2014|publisher=The Tokyo News.Net}}</ref><ref>{{cite web|title=FASTER Cable System is Ready for Service, Boosts Trans-Pacific Capacity and Connectivity|url=http://www.nec.com/en/press/201606/global_20160629_02.html|website=NEC.com|access-date=20 July 2016}}</ref> It exited from the smartphone market in 2015 by dissolving [[NEC Mobile Communications]], bailing out the other participants in the smartphone joint-venture. In April 2017, [[KEMET Corporation]] announced it would purchase a 61% controlling interest in [[NEC Tokin]] from NEC, making NEC Tokin its wholly owned subsidiary. Once the purchase completed, the company changed its name to "Tokin Corporation".<ref name="electronics 360 20170224">{{cite web|url=http://electronics360.globalspec.com/article/8166/kemet-acquires-nec-tokin-to-bolster-component-business|title=KEMET Acquires NEC TOKIN to Bolster Component Business|date=February 24, 2017|first=Spencer|last=Chin|publisher=Electronics 360|access-date=March 31, 2017|archive-url=https://web.archive.org/web/20170304012310/http://electronics360.globalspec.com/article/8166/kemet-acquires-nec-tokin-to-bolster-component-business|archive-date=March 4, 2017|url-status=dead}}</ref> In July 2018, NEC established its subsidiary, NEC X, in [[Silicon Valley]], to fast-track technologies and business ideas selected from inside and outside NEC. NEC X created a corporate accelerator program that works with [[Entrepreneurship|entrepreneurs]], start-ups and existing companies to help them develop new products that leverage NEC's emerging technologies.<ref>{{Cite web|title=NEC X|url=https://insidehpc.com/white-paper-sponsor/nec-x/|access-date=2020-07-02|website=insideHPC|language=en-US}}</ref> [[File:NEC RDX drive 2022-08-10.jpg|thumb|NEC [[RDX (disk)|RDX]] drive with an inserted RDX disk]] In August 2018, [[Envision Energy]] struck an agreement with [[Nissan]] and NEC to acquire their automotive battery joint venture.<ref>{{Cite news |title=Nissan agrees to sell car battery unit to China's Envision Group |url=https://www.reuters.com/article/us-nissan-battery/nissan-agrees-to-sell-car-battery-unit-to-chinas-envision-group-idUSKBN1KO15A |access-date=2023-03-31 |website=Reuters|date=3 August 2018 }}</ref><ref>{{Cite web |date=2018-08-03 |title=Nissan To Sell Battery Division To Envision Group |url=https://insideevs.com/news/338665/nissan-to-sell-battery-division-to-envision-group/ |access-date=2023-03-31 |website=Inside EVs}}</ref><ref>{{Cite web|url=https://www.energy-storage.news/news/after-original-buyer-bid-fails-nissan-necs-li-ion-battery-business-acquired|title=After original buyer bid fails, Nissan & NEC's Li-ion battery business acquired by China's Envision|website=Energy Storage News|date=7 August 2018|language=en|access-date=2019-09-17}}</ref> In December 2018, NEC announced that it would acquire KMD, the largest Danish IT company, for $1.2 billion to strengthen its digital government business.<ref>{{Cite web|date=2018-12-27|title=NEC Acquires the Largest Danish IT Company, KMD|url=https://www.bloomberg.com/press-releases/2018-12-28/nec-acquires-the-largest-danish-it-company-kmd|access-date=2019-09-16|website=Bloomberg.com}}</ref> NEC sold its sixty-year-old [[lighting]] business in April 2019.<ref>{{Cite web|title=NEC to Sell Lighting Subsidiary in April 2019|url=https://www.ledinside.com/news/2018/11/nec_sell_lighting_subsidiary_april_2019|access-date=2020-07-02|website=www.ledinside.com|language=en}}</ref> As of September 2019, NEC is the largest supplier of AI surveillance technology in the world.<ref>{{cite web|last1=Feldstein|first1=Steven|title=The Global Expansion of AI Surveillance|url=https://carnegieendowment.org/research/2019/09/the-global-expansion-of-ai-surveillance?lang=en|access-date=22 September 2019|website=Carnegie Endowment for International Peace|language=en}}</ref> In the first half of 2020, NEC sold a majority stake in [[NEC Display Solutions]], the professional display subsidiary, to [[Sharp Corporation]] and decided to gradually curtail the money-losing [[energy storage]] business throughout the decade.<ref>{{Cite web|title=NEC and Sharp Announce Joint Venture to Combine Display Solution Businesses|url=https://www.nec.com/en/press/202003/global_20200325_02.html|access-date=2020-07-02|website=NEC|language=en}}</ref><ref>{{Cite web|title=NEC Pulls the Plug on Storage Integration Business|url=https://www.greentechmedia.com/articles/read/storage-integrator-nec-es-halts-new-business-begins-winding-down|access-date=2020-07-02|website=www.greentechmedia.com}}</ref> Upon the suggested banning of [[Huawei]]'s [[5G]] equipment led by the United States in 2020, being a diminished supplier, NEC was galvanized to ramp up its relatively small 5G network business to fill the void in the [[telecommunications equipment]] markets of the United States and the United Kingdom. [[Nippon Telegraph and Telephone|NTT]], the largest carrier in Japan, invested $596 million for a 4.8 percent stake in NEC to assist this move.<ref>{{Cite news|date=1 July 2020|title=NEC sees Huawei's woes as chance to crack 5G market|work=The Financial Times|url=https://www.ft.com/content/502a3a39-4c3a-4ee0-a3a9-7ad734081537 |archive-url=https://ghostarchive.org/archive/20221210/https://www.ft.com/content/502a3a39-4c3a-4ee0-a3a9-7ad734081537 |archive-date=10 December 2022 |url-access=subscription |url-status=live}}</ref> In December 2020, NEC acquired Swiss digital banking solution developer [[Avaloq]] for US$2.2 billion.<ref>{{Cite news|last=|first=|date=|title=NEC acquires Switzerland's Avaloq for $2.2bn|work=FT|url=https://www.ft.com/content/faeb12aa-cde4-4ddb-b8bc-ca6f8b9c4f2f |archive-url=https://ghostarchive.org/archive/20221210/https://www.ft.com/content/faeb12aa-cde4-4ddb-b8bc-ca6f8b9c4f2f |archive-date=10 December 2022 |url-access=subscription |url-status=live|access-date=}}</ref>
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