TSMC (TSM) has no plans to purchase a Renesas (RNECY.PK) chipmaking plant in Tsuruoka, Japan,...

|By:, SA News Editor

TSMC (TSM) has no plans to purchase a Renesas (RNECY.PK) chipmaking plant in Tsuruoka, Japan, says chairman Morris Chang, shooting down rumors to the contrary. Reports that Renesas plans to shutter a large number of plants as part of a restructuring plan had heightened speculation TSMC, which has formed an outsourcing partnership with Renesas, would bid for one or more of them.