Wall Street Journal reports that chipmakers NEC and Renesas yesterday said they will receive a total of JPY200 billion (US$2.2 billion) from their respective parent companies as they move toward a planned merger. Earlier this year, NEC Electronics, the 70 percent-owned chip-making unit of NEC Corp, and Renesas, a joint- venture owned 55 percent by Hitachi  and 45 percent by Mitsubishi Electric, agreed to combine, effective 1 April 2010. The merger would create the world’s third-biggest semiconductor company by revenue.