Renesas
Electronics Corp. (6723) gained in Tokyo after a excuse Apple Inc. is seeking to get hold of a stake in a unit that designs chips for liquid-crystal displays used in smartphones.
Information Technology
Information Technology
The shares rose 6 percent to 831 yen, the highest close at the forefront March 2011. Apple may pay as much as 50 billion yen ($482 million) for a stake in Renesas SP Drivers Inc. the Nikkei newspaper reported today.
Renesas SP designs, develops and sells liquid crystal display drivers and controllers for little- and mid-size panels, according to the companys website. Renesas Electronics owns a 55 percent stake in the business, even if Sharp Corp. has 25 percent and Powerchip holds the ablaze, the website says.
Renesas is full of zip to adjoin panel control act, which may be important for Apples neighboring generation products, said Damian Thong, a Tokyo-based analyst at Macquarie Group Ltd. Apple has a records of interests in chip makers.
Taizo Endo, a Tokyo-based spokesman for Renesas Electronics, said the company is when options and no decision has been made. Takashi Takebayashi, a Tokyo-based spokesman for Apple, didnt suddenly reward a call seeking comment more or less the footnote. Sharp spokeswoman Miyuki Nakayama declined to comment.
Apple has bought several chip companies, including Passif Semiconductor last year, Intrinsity in 2010 and P.A. Semi in 2008. The company along with purchased the Israeli company Anobit in 2012 to profit flash-memory technology.
Government Fund
Apple gets iPhone LCD chips from Renesas SP, according to the Nikkei. A sale may benefit the running-backed Innovation Network Corp. of Japan which led a 150-billion yen investment in Renesas Electronics in September that included stakes for Toyota Motor Corp. and Nissan Motor Co.
The value of that investment has risen vis--vis seven-fold based coarsely speaking the sale price of 120 yen a allowance and todays muggy.
Renesas Electronics unveiled regarding the order of Feb. 19 a turn to scuff jobs by offering buyouts. The company was talking moreover unions to scratch roughly 20 percent of its workforce through voluntary buyouts, a person taking place to date in the flavor of the matter said in January.
INCJ made a profit last month upon an investment in Japan Display Inc. after the companys initial public offering and plans to use lessons from the settlement in restructuring subsidiary scared industries Co-Chief Operating Officer Yoshinori Komiya said last week.
The value of INCJs investment in Japan Display swelled to 323 billion yen, a reward of 62 percent in less than three years, based upon March 28 closing prices. It retains a stake of practically 36 percent.
The Japan Display associations can be applied to new companies and industries including Renesas Electronics, Komiya said during the interview.
Apple has bought several chip companies, including Passif Semiconductor last year, Intrinsity in 2010 and P.A. Semi in 2008. The company along with purchased the Israeli company Anobit in 2012 to profit flash-memory technology.
Government Fund
Apple gets iPhone LCD chips from Renesas SP, according to the Nikkei. A sale may benefit the running-backed Innovation Network Corp. of Japan which led a 150-billion yen investment in Renesas Electronics in September that included stakes for Toyota Motor Corp. and Nissan Motor Co.
The value of that investment has risen vis--vis seven-fold based coarsely speaking the sale price of 120 yen a allowance and todays muggy.
Renesas Electronics unveiled regarding the order of Feb. 19 a turn to scuff jobs by offering buyouts. The company was talking moreover unions to scratch roughly 20 percent of its workforce through voluntary buyouts, a person taking place to date in the flavor of the matter said in January.
INCJ made a profit last month upon an investment in Japan Display Inc. after the companys initial public offering and plans to use lessons from the settlement in restructuring subsidiary scared industries Co-Chief Operating Officer Yoshinori Komiya said last week.
The value of INCJs investment in Japan Display swelled to 323 billion yen, a reward of 62 percent in less than three years, based upon March 28 closing prices. It retains a stake of practically 36 percent.
The Japan Display associations can be applied to new companies and industries including Renesas Electronics, Komiya said during the interview.
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