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Japan's Renesas Secures Deal on Capital Injection

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Innovation Network Corporation of Japan will invest 140 billion yen in Renesas and take a two thirds stake in the company. This is an effort to restore and strengthen Japan's semiconductor industry. Renesas has struggled to cope with falling chip prices and the effects of the tsunami. The company posted a loss of 150 billion yen for the year ending March 2012. Renesas was formed in 2003 by merging the chipmaking operations of Hitachi, Mitsubishi Electric and NEC Corp.

Renesas Electronics Corp.

08/30/2012

Grouped Articles

KKR Offers Investment in Japan Chip Maker Renesas

Wall Street Journal 08/30/2012

Japan's Renesas Secures Deal on Capital Injection

Wall Street Journal 12/11/2012


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