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Japan Inc. comes together to save Renesas: report

Energy Daily
Monday, 24 September 2012

Japan Inc. comes together to save Renesas: reportTokyo (AFP) Sept 22, 2012

Major Japanese companies have teamed up with a government-backed turnaround fund to rescue troubled chipmaker Renesas, in a move designed to block a purchase by a US investment firm, a report said Saturday. A consortium, which includes Toyota Motor and Panasonic, is looking to invest more than 100 billion yen ($1.28 billion), with plans to acquire a majority stake by the end of the year, the
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