NEC Corp (6701.T)
13 Jul 2018
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
TOKYO, Jan 30 Japan's NEC Corp said on Tuesday it was seeking to reduce its domestic workforce by 3,000 people, as its mainstay telecommunications infrastructure business continues to struggle.
TOKYO, Jan 30 Japan's NEC Corp said on Tuesday it was seeking to reduce its domestic workforce by 3,000 people.