Apple in talks to buy Renesas stake in chip design unit - Nikkei

Tue Apr 1, 2014 11:39pm IST

Renesas Electronics Corp's chips are pictured at the company's office in Tokyo October 23, 2012. REUTERS/Yuriko Nakao/Files

Renesas Electronics Corp's chips are pictured at the company's office in Tokyo October 23, 2012.

Credit: Reuters/Yuriko Nakao/Files

Related Topics

Stocks

   

REUTERS - Apple Inc (AAPL.O) is in talks to buy Japan-based Renesas Electronics Corp's stake in a unit that designs liquid crystal display chips for iPhones for about 50 billion yen, the Nikkei reported, without identifying a source.

Renesas owns 55 percent stake in Renesas SP Drivers, its joint venture with Sharp Corp and Taiwan's Powerchip.

Apple expects to complete the stake purchase by summer, the business daily reported on Tuesday.

The U.S. company "apparently wants to meld" the design of core display components into its overall product development as image quality becomes a crucial selling point for smartphones, the Nikkei said.

Sharp, which owns 25 percent in Renesas SP, is expected to sell its stake to Apple if the U.S. company asks, the newspaper said.

Renesas has been hit by slowing orders and competition from companies such as Samsung Electronics Co Ltd.

The Japanese company received a 150 billion yen bailout from a government-led fund and its major customers in September to counter an earlier bid by U.S. private equity firm KKR & Co LP (KKR.N).

(Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Kirti Pandey)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Tech Tycoon

Reuters Showcase

Ads on Facebook

Ads on Facebook

Facebook to introduce new advertising platform - WSJ  Full Article 

Big IPO

Big IPO

Alibaba IPO ranks as world's biggest after additional shares sold.  Full Article | Video 

Xbox China Launch

Xbox China Launch

Microsoft Xbox One set to launch in China on Sept 29  Full Article 

PlayStation TV

PlayStation TV

Sony PlayStation TV to hit stores on Oct. 14  Full Article 

Israel Investment

Israel Investment

Israel turns self-defence into industry boom for cyber techs  Full Article 

Cyber Security

Cyber Security

N.Y. financial regulator says to focus on cyber security   Full Article 

iPhone Approval

iPhone Approval

China regulator says iPhone 6 in final review stages - Tencent  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage