Memory FAQs
 
Home
News
Products
Shop
Memory
Corporate
Contact
 

News
Industry News
Publications
CST News
Help/Support
Member Area
Tester Brochure
Demo Library
Software
Tester FAQs

biology medicine news product technology definition

Sunday, August 19, 2018
Memory Industry News
Email ArticlePrinter Format PreviousNext

Japanese auto parts supplier Bought 4.5% stake in Renesas


Monday, March 12, 2018

Japanese auto parts supplier Denso Corp said on Friday it has agreed to acquire an additional 4.5 percent stake in chip maker Renesas Electronics Corp, as carmakers accelerate development of self-driving vehicles and other technologies.

Denso is acquiring the stake from Innovation Network Corp of Japan (INCJ), a state-backed fund that owns 50.1 percent in the chip maker, INCJ said in a statement.

The terms of the deal were not disclosed but the transaction is worth about 85 billion yen ($796.9 million) based on the current share price.

As a result of the deal, Denso’s stake in Renesas will rise to 5 percent.

In a statement, Denso said it is “essential to further enhance collaboration with semiconductor manufacturers that have profound experience and expertise” to develop vehicle control systems in automated driving and other new fields. ($1 = 106.6600 yen) (Reporting by Taiga Uranaka Editing by Stephen Coates)

By: DocMemory
Copyright © 2018 CST, Inc. All Rights Reserved

Email ArticlePrinter Format PreviousNext
Latest Industry News
Purdue scientists combines transistor and laser on new FET8/17/2018
EDA giant Cadence Design to expand into Nanjing, China8/17/2018
Infineon to post and sell its IoT chips on Chinese e-commerce site8/17/2018
Nvidia demonstrates ray tracing speed graphics card with GDDR68/17/2018
Job posting implies Apple looking at a health processor8/16/2018
3 more flaws found on Intel Xeon processor8/16/2018
Turkey increased tariffs on certain U.S. products in retaliations8/16/2018
U.S. productivity growth at 2.9 percent8/16/2018
5G roll out in India to detlay8/15/2018
DRAM industry increased its second quarter output to $25.69 billion8/15/2018

CST Inc. Memory Tester DDR Tester
Copyright © 1994 - 2018 CST, Inc. All Rights Reserved