Reuters: Technology News: Renesas to receive $1.8 billion in government-backed bailout

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 to receive $1.8 billion in government-backed bailout Dec 10th 2012, 07:03 Tweet Share this Email Print Related News Qualcomm to invest $120 million in Japan's troubled Sharp Tue, Dec 4 2012 Renesas shareholders set to approve $2.4 billion bailout, shares soar Mon, Nov 26 2012 Renesas Electronics Corp's chips are pictured at the company's office in Tokyo October 23, 2012. Credit: Reuters/Yuriko Nakao TOKYO | Mon Dec 10, 2012 2:03am EST TOKYO (Reuters) - Struggling Japanese chipmaker Renesas Electronics Corp said on Monday it will receive a total of 150 billion yen ($1.8 billion) in aid from a government-backed fund and manufacturers including key client automakers to help it stay afloat. Renesas, the world's fifth-largest microchip maker, also expects an additional 50 billion yen in aid from the government fund. ($1 = 82.3700 Japanese yen) (Reporting by Mayumi Negishi and Shinichi Saoshiro; Editing by Michael Watson) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions