Posted by Isabella on 1:34 AM
Reuters: Technology News | Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com | |
|
Renesas gets $1.5 billion bailout from government, customers Sep 30th 2013, 06:29 TOKYO | Mon Sep 30, 2013 2:29am EDT TOKYO (Reuters) - Japanese chipmaker Renesas Electronics Corp received on Monday the 150 billion yen ($1.53 billion) bailout pledged last year by a government-led fund and major customers to aid the company's restructuring efforts. Eight of Renesas' customers, including Toyota Motor Corp, Panasonic Corp and Nissan Motor Co Ltd paid just over 12 billion yen through a third-party share allocation and the government-led fund contributed the rest. Hit by slumping orders and competition from competitors such as Samsung Electronics Co Ltd, Renesas was given a lifeline from the government-led fund last December to counter an earlier bid by U.S. private equity firm KKR & Co LP. | |
|
0 comments:
Post a Comment