As part of a larger restructuring effort, Japan's Renesas Electronics (RNECY.PK) enters into a...

|About: Renesas Electronics Corp ADR (RNECY)|By:, SA News Editor

As part of a larger restructuring effort, Japan's Renesas Electronics (RNECY.PK) enters into a chip production tie-up with Taiwan Semiconductor (TSM), the world's largest contract chip maker. TSM will produce chips for use in automobiles and home appliances for Renesas as it looks for alternatives to lower costs.