December 10, 2012 / 6:53 AM / in 5 years

Renesas says to receive $1.8 bln in govt-backed bailout

TOKYO, Dec 10 (Reuters) - Struggling Japanese chipmaker Renesas Electronics Corp said on Monday it will receive a total of 150 billion yen ($1.8 billion) in aid from a government-backed fund and manufacturers including key client automakers to help it stay afloat.

Renesas, the world’s fifth-largest microchip maker, also expects an additional 50 billion yen in aid from the government fund.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below