Pros
You'd want to work here if you come straight out of college. You learn a great deal and end up meeting great friends. Coming out of NEC, you will be ready to take on multiple challenges at any company. This includes dealing with different people, self management of tasks, as well as technical aspects of the semicondcutor industry.
Cons
The work - life balance is extremely off. You'll find yourself working 9-10 hours a day, answering calls at night, and sometimes on the weekends. Working hard is also not rewarding in terms of money. Yes, managers and co-workers will recognize you work, but not much more than that. Also, the semiconductor industry does not seem to be looking hot, especially in California. Getting a job here, if you stay a long time, you'll find it'll be more difficult to find another job in Ca.