NEC

NEC Corporation, based in Minato, Tokyo, is a Japanese global i.t. and electronics manufacturing corporation. Before rebranding as NEC in 1983, the corporation was called the Nippon Electric Company, Limited. It offers IT and network solutions to businesses, telecommunication service providers, and government agencies, such as cloud technology, AI, IoT platform, and communication devices and software. It has also been Japan's largest PC vendor since the 1980s when it introduced the PC-8000 series.

By 1990, NEC had risen to become the world's fourth-largest PC maker. From 1985 to 1992, its semiconductors business segment was the largest semiconductor firm in the world by yearly sales, second most significant in 1995, one of the top three in 2000, and one of the top ten in 2006. NEC's semiconductor division was later handed off to Renesas Electronics and Elpida Memory. As part of the Sumitomo Group, NEC was ranked #463 on the Fortune 500 list in 2017.

This entity also has a detailed history. On August 31, 1898, Kunihiko Iwadare and Takeshiro Maeda founded Nippon Electric Limited Partnership with facilities purchased from Miyoshi Electrical Manufacturing Company. Maeda managed business sales while Iwadare functioned as a representative partner. Walter Tenney Carleton represented Western Electric, which had a stake in the Japanese phone business. Carleton was also in charge of the Miyoshi facilities' rehabilitation. When the treaty allowed it, it was decided that the company would be reconstituted as a joint-stock corporation. The amended treaty with Japan and the United States entered into force on July 17, 1899. The first Japanese joint-venture with foreign finance, Nippon Electric Company, Limited, was formed on the same day as Western Electric Company.

The firm began by manufacturing, selling, and maintaining telephones and switches. With the building of the Mita Plant in Mita Shikokumachi in 1901, NEC improved the manufacturing facilities. In December of 1902, it was finished. A year later, the Japanese Ministry of Communications adopted a new technology: NEC's standard battery switchboard. The subscriber phones were powered by common battery switchboards, which eliminated the need for a fixed magnet generator in each user's phone. The switchboards were first imported, but by 1909, they were being built locally.

In 1904, NEC began selling telephone equipment to China. Iwadare then traveled to the United States to observe Western Electric's administration and manufacturing control. When he returned to Japan, he abolished the "oyakata" subcontracting structure in favor of a new one in which all managers and staff were direct employees of the firm. The production process was also made more efficient. The corporation offered enormous pay as well as efficiency bonuses. Time clocks were placed, as well as new accounting and expense controls. The number of phone users in Japan increased from 35,000 to 95,000 between 1899 and 1907. With the completion of the Japan-China telegraph treaty in 1908, NEC entered the Chinese market. They also entered the Korean market in January 1908, opening an office in Seoul. Between 1907 and 1912, revenues increased from 1.6 million to 2 million yen. NEC's prosperity during this time period was mainly due to the development of its Japanese phone service. This expansion was set to come to a halt, but in 1916, the government added 75,000 new customers and 326,000 kilometers of additional toll lines. NEC expanded as a result of its third growth strategy at a time when most of the rest of the Japanese industry was contracting.

Despite its impressive portfolio and colorful history, NEC was nonetheless slightly set back by technological developments. Although they have entered the personal computer industry with Lenovo, NEC's efforts are currently concentrated on contemporary communication solutions, workplace solutions, and artificial intelligence.

NEC is still a massive powerhouse of a firm today, with over 100,000 people globally and about $30 billion in yearly revenue.

Where to buy NEC

Why buy NEC

  • NEC is a massive corporation that has repeatedly demonstrated its worth. You can't go wrong with any of their products.
  • NEC has almost a century of expertise in designing and producing useful office and business solutions.
  • This firm has a long list of patents to its credit.
  • The Japanese government has entrusted NEC with a number of large projects throughout the years.
  • Multiple government agencies throughout the world have trusted this brand for its high-quality products.
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