Synaptics to Acquire iPhone Display Chipmaker Renesas for $475 Million

Synaptics to Acquire iPhone Display Chipmaker Renesas for $475 Million

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As rumored, Synaptics will be purchasing the sole supplier of display chips for the iPhone, Renesas SP Drivers.

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 was initially in talks to acquire the 55% stake in the company, however those talks fell through. With this deal, Synaptics would integrate its touch technology with Renesas' display drivers into one chip -- saving manufacturing costs.

"There is no one else that can do touch display driver integration right now. There is no other competitor."

Synaptics is a formal supplier for Apple when the company sourced the click-wheel for iPods. While it would have made more sense for Apple to purchase Renesas, it looks like Synaptics is in a viable position to do more business with Apple going forward.

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Synaptics to Acquire iPhone Display Chipmaker Renesas for $475 Million
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