Renesas to Sell Display Chip Business to Synaptics, Not Apple?

Renesas to Sell Display Chip Business to Synaptics, Not Apple?

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Renesas Electronics Corp is planning to sell a majority stake in its Renesas SP Drivers business to Synaptics, not Apple, reports Reuters.

Renesas SP Drivers is a joint venture established by Renesas Electronics, Sharp Corporation and Powerchip Group in April 2008. It engages in the business of LCD Drivers that drive small and mid-sized LCD panels.

Apple had been in talks to acquire Renesas' entire 55% stake for an estimated 50 billion yen ($479 million). Most of the unit's 240 or so employees in Japan were expected to stay on after the transfer which was to be completed by this summer; however, sources now tell Reuters that those talks failed to make progress and Renesas has narrowed its consideration to Synaptics.

Sharp owns 25% of Renesas SP Drivers and is also expected to sell its share once Renesas reaches an agreement. The remaining 20% is owned by Taiwan's Powerchip.

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Renesas to Sell Display Chip Business to Synaptics, Not Apple?
jimmydurant - January 5, 2015 at 12:37pm
A deal of money they're asking with this time. But the sources said those talks failed to make progress and Renesas had narrowed its consideration to Synaptics.
DaleneCavasoz - July 27, 2014 at 2:05am
Apple is one of the leading companies in the world that has millions of customers and branches. A good leadership and values is what they use to become more successful. Tame that animal and take control with a few time-tested recommendations that can lead not only to small business success, but personal growth. A cash advance can help you pay to get your business started.
Great! - May 28, 2014 at 1:26am
Apple could just buy synaptics.
Fukran John - May 28, 2014 at 12:43am
Because shipping it to a copycat is too mainstream! lol
Fukjohn Rah - May 28, 2014 at 1:09am
Listening to myths and gimmicks is too mainstream puny hipster.
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