NEWSWORTHY

Japan's Renesas to buy U.S. chipmaker IDT for $6.7 billion

Business / Corporate Sep 11, 2018

Japan's Renesas to buy U.S. chipmaker IDT for $6.7 billion

Chipmaker Renesas Electronics Corp. said Tuesday it has agreed to buy U.S. peer Integrated Device Technology Inc. for about $6.7 billion (¥747 billion), aiming to boost its expertise in self-driving car technologies. The deal allows Renesas, second only to NXP Semiconductors NV in chips used ...

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 ...