NEC Corp (6701.T)
21 Sep 2018
TOKYO Renesas Electronics Corp is considering buying U.S. chipmaker Integrated Device Technology Inc, the Japanese automotive chipmaker said on Friday, as it beefs up its business in chips for self-driving cars and seeks new growth areas.
* Renesas is beefing up business in chips for self-driving cars
TOKYO Nissan Motor cancelled a potential $1 billion sale of its electric car battery unit to China's GSR Capital, and while the automaker said it still aimed to find a buyer, analysts feel it could be a hard sell as the technology was not cutting edge.
* Analysts say buyers may be cautious as technology not top notch
* Nissan still intends to sell battery unit, says spokesman (Adds comment from Nissan, response from GSR and background of deal. Repeats to restore to screens.)
TOKYO Renesas Electronics Corp said on Tuesday a state-backed fund and other shareholders would reduce their stakes in the Japanese chip maker, in a sale worth up to 295 billion yen ($2.8 billion) based on the prior day's closing price.
* Sale aimed at giving Renesas management greater freedom -NHK