Chipmaker Announces Merger

NEC Electronics Corp. has announced that it will merge its wholly-owned subsidiary, NEC Compound Semiconductor Devices, Ltd., back into the parent company, effective April 1, 2006. NEC Compound Semiconductor Devices designs and manufactures RF and wireless semiconductors, components for fiber optic communications, optocouplers, and solid state relays. The company will strive to ensure that the changes at NEC are completely transparent to CEL customers.

In the U.S. and throughout the Western Hemisphere, California Eastern Laboratories (www.cel.com) is NEC’s exclusive sales and marketing partner for the products manufactured by NEC Compound Semiconductor Devices. CEL maintains an extensive inventory, provides engineering and applications support, and participates in the design of the NEC Compound Semiconductor Devices’ products that specifically target our domestic markets. CEL has sales offices throughout North America, plus a network of independent representatives and distributors.