NEC

This article is about the Japanese information technology company. For other uses, see NEC (disambiguation).
Not to be confused with NEC Group.

NEC Corporation
Native name
日本電気株式会社
Nippon Denki Kabushiki gaisha
FormerlyNippon Electric Company, Limited (1899-1983, in English)
Company typePublic
TYO: 6701
ISINJP3733000008[1]
Industry
Founded17 July 1899; 125 years ago (1899-07-17) in Tokyo, Japan
HeadquartersNEC Supertower,
Shiba, Minato, Tokyo
,
Japan
Area served
Worldwide
Key people
Products
Former
Services
Revenue¥3.48 trillion (2024)[3]
¥185.01 billion (2024)[3]
¥149.52 billion (2024)[3]
Total assets¥4.23 trillion (2024)[3]
Total equity¥2.09 trillion (2024)[3]
OwnerAT&T Corporation (via Western Electric, 1899-1941)
Sumitomo Group
Number of employees
114,714 (2021)[3]
Subsidiaries
List
Websitenec.com

NEC Corporation (日本電気株式会社, Nippon Denki Kabushiki gaisha, an acronym for the Nippon Electric Company) is a Japanese multinational information technology and electronics corporation, headquartered at the NEC Supertower in Minato, Tokyo, Japan.[4] It provides IT and network solutions, including cloud computing, artificial intelligence (AI), Internet of Things (IoT) platform, and telecommunications equipment and software[5][6] to business enterprises, communications services providers and to government agencies. NEC has also been the largest PC vendor in Japan since the 1980s when it launched the PC-8000 series; it currently operates its domestic PC business in a joint venture with Lenovo.[7]

NEC was the world's fourth-largest PC manufacturer by 1990.[8] Its semiconductors business unit was the world's largest semiconductor company by annual revenue from 1985 to 1992, the second largest in 1995, one of the top three in 2000, and one of the top 10 in 2006.[9][10] 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 Once Japan's major electronics company, NEC has largely withdrawn from manufacturing since the beginning of the 21st century.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 was #463 on the 2017 Fortune 500 list.[11] NEC is a member of the Sumitomo Group.

  1. ^ "NetCracker Technology is a brand of NEC Co. (NEC1)". Allbrands.markets. Retrieved 10 July 2024.
  2. ^ "NEC Corporate profile Management". Retrieved 1 January 2024.
  3. ^ a b c d e f "Full Year Consolidated Financial Results for the Fiscal Year Ended March 31, 2024" (PDF). 1 October 2018.
  4. ^ "Corporate Profile." NEC. Retrieved on July 12, 2010.
  5. ^ "NEC IoT Network Solution: NEC Digital Network Transformation". NEC. Retrieved 16 September 2019.
  6. ^ "Accelerating DX with 5G: For Telecom Operators". NEC. Retrieved 17 September 2019.
  7. ^ https://www.nec.com/en/press/201607/global_20160701_01.html
  8. ^ Fransman, Martin (1995). Japan's Computer and Communications Industry: The Evolution of Industrial Giants and Global Competitiveness. Oxford University Press. p. 17. ISBN 9780198233336.
  9. ^ "Tracking the Top 10 Semiconductor Sales Leaders Over 26 Years". Semiconductor Market Research. IC Insights. 12 December 2011.
  10. ^ "WORLDWIDE IC MANUFACTURERS" (PDF). 14 August 2023.
  11. ^ "NEC Financials and News". fortune.com. Archived from the original on 24 June 2017. Retrieved 16 October 2018. NEC is #463 on the 2017 Fortune 500 list.