Renesas chief to resign three months after re-appointment

Business / Corporate Jun 26, 2019

Renesas chief to resign three months after re-appointment

Major chipmaker Renesas Electronics Corp. said Tuesday that President and Chief Executive Officer Bunsei Kure will step down at the end of June due to the company's worsening business performance. Kure's resignation comes just three months after he was re-appointed president and CEO of the ...

Business / Corporate Sep 13, 2016

Renesas to buy U.S. chip-maker Intersil for $3.2 billion

Renesas Electronics Corp. agreed to buy U.S. chipmaker Intersil Corp. for $3.2 billion, seeking to accelerate its efforts to sell more automotive components. Renesas is offering $22.50 per share, a 14 percent premium to Monday's close, according to a statement to the Tokyo Stock Exchange ...

Renesas eyes selling panel maker to Apple

Business / Corporate Apr 2, 2014

Renesas eyes selling panel maker to Apple

Struggling chipmaker Renesas Electronics Corp. is currently pondering the sale of its subsidiary business, developing liquid crystal display panels, to Apple Inc., sources said Wednesday. Apple aims to develop smartphones with higher definition screens and lower power consumption via the acquisition of Renesas SP Drivers ...

Business / Corporate Feb 1, 2014

Renesas to exit LCD chip market

Struggling chip-maker Renesas Electronics Corp. will withdraw from the market for small liquid crystal displays as part of efforts to turn around its business, an industry source said Saturday. Renesas plans to sell all shares it holds in Renesas SP Drivers Inc., a Tokyo-based subsidiary ...

Business / Corporate Jul 27, 2013

Renesas to close major chip plant in Tohoku region

Struggling chip-maker Renesas Electronics Corp. is looking to close or shrink its major production base for system LSI chips in Tohoku after failing to sell it to a Taiwanese firm, company sources said Saturday. Renesas had been trying to sell the Tsuruoka factory in Yamagata ...