Renesas to sell LSI-linked units

JIJI

Chip maker Renesas Electronics Corp. has said it will sell two overseas affiliates related to system large-scale integrated circuits for cellphones to Broadcom Corp. of the U.S. for $164 million on Oct. 1.

The units put up for sale are Renesas Mobile Europe Oy in Helsinki and Renesas Mobile India in Bangalore, India. They are currently under the wing of Renesas Mobile Corp., a wholly owned subsidiary of Renesas Electronics.

When Renesas Electronics announced in June its decision to withdraw from system LSIs for mobile phones at the end of this year, it said the two affiliates plus Renesas Tongxinjishu (Beijing) Co., also under Renesas Mobile, will be liquidated.