“Renesas Electronics Corp plans to sell its majority stake in a maker of iPhone display chips to Synaptics Inc, another smartphone chip supplier, according to sources familiar with the matter,” Reiji Murai reports for Reuters.
“Apple Inc had also been in talks about a possible purchase of the stake in Renesas SP Driver in what was seen as a potential move to shore up its global supply chain,” Murai reports, “but the sources said those talks failed to make progress and Renesas had narrowed its consideration to Synaptics.”
Murai reports, “Renesas has been looking to sell its 55 percent stake in the unit that is the sole supplier of display driver chips for Apple’s iPhone…”
Read more in the full article here.
Apple and Renesas: The economics of what Apple is doing with their mountain or cash – April 3, 2014
Renesas surges on report of sale talks with Apple – April 2, 2014
Apple in talks with Japan’s Renesas Electronics to buy smartphone display chipmaking unit for $479 million – April 1, 2014