Mon, Aug. 22, 4:26 AM
- Japanese semiconductor firm Renesas (OTCPK:RNECF) has confirmed reports that it is in negotiations to acquire U.S.-based Intersil (NASDAQ:ISIL), which produces chips for automotive and aerospace customers.
- A deal could be valued at around ¥300B ($3B), the reports said.
- Last year, Intersil generated revenue of $522M and net profit of $7.2M.
May 18, 2015, 12:35 PM
- Xilinx (XLNX +1.3%) is higher after the NY Post reported Intel and Xilinx FPGA archrival Altera have resumed buyout talks. Shares jumped in March after the first Intel/Altera report arrived.
- Last week, Reuters reported Avago (AVGO +1.3%) has reached out to Xilinx, analog/mixed-signal chipmaker Maxim (MXIM +0.6%), and Japanese microcontroller/analog chipmaker Renesas (OTCPK:RNECF) about potential deals. Sources also state Avago has talked with P-E firm Silver Lake about partnering on a deal.
- Avago has acquired LSI, PLX Technology, and Emulex over the last 2 years, and was previously reported to have bid for Freescale before the company agreed to merge with NXP. The company is one of many chipmakers taking part in a consolidation wave driven by both cost and product synergies.
Apr. 1, 2014, 3:58 PM
- The Nikkei reports Apple (AAPL +0.9%) is in talks with Renesas (RNECF) to buy its 55% stake in iPhone LCD driver IC supplier Renesas SP Drivers, and is looking to acquire it for ¥50B ($479M).
- Sharp (SHCAY) owns 25% of Renesas SP, and Taiwan's Powerchip 20%. Sharp is expected to sell its stake to Apple if the company asks for a a deal after buying Renesas' interest.
- Apple, which already develops its own app processors and fingerprint sensors, reportedly "wants to meld the design of core display components into overall product development."
- A deal could be a positive for Himax (HIMX +3.9%) and MagnaChip (MX -0.6%), given Renesas SP's other clients would start looking for alternative LCD driver suppliers. Renesas SP has an estimated ~33% share of the market for small and mid-sized LCD drivers/controllers. It had revenue of ¥60B ($575M) during the fiscal year ending March 31.
- Earlier: 4.7" iPhone LCD production reportedly set to start
Dec. 3, 2013, 6:50 PM
- The Nikkei reports Sony (SNE) is looking to acquire a chip fab from struggling Renesas (RNECY), and plans to use it to expand CMOS image sensor production. The expected sale price is said to be $96M; an MOU could be signed as soon as the beginning of next week.
- The paper points out Sony already has a ~30% share of the CMOS image sensor market, thanks in part to growing sales to Apple, Samsung, and other mobile OEMs.
- The report comes as image sensor rival OmniVision (OVTI) provides soft guidance to go with an earnings beat, and reports of seeing "intensifying competition."
Nov. 26, 2012, 7:56 AMA fund backed by the Japanese government is set to pay $2.2B to buy 2/3 of chipmaker Renesas (RNECY.PK) from current owners Mitsubishi, NEC, and Hitachi, a source tells the Nikkei. Renesas, which rose 16.6% in Tokyo on the report, would reportedly shutter factories and cut as many as 5K jobs as part of the deal. Renesas is the top player in the microcontroller market, where it competes with Microchip, Freescale, STMicroelectronics, and others. | Nov. 26, 2012, 7:56 AM
Aug. 29, 2012, 2:39 AM
KKR (KKR) is reportedly in negotiations to invest about ¥100B ($1.3B) in Renesas (RNECY.PK) in a deal that would give the U.S. P-E firm a controlling stake in the unprofitable Japanese chipmaker, which is owned by NEC, Hitachi and Mitsubishi Electric. The speculation sent Renesas' shares surging 35% in Tokyo.| Aug. 29, 2012, 2:39 AM
Jul. 2, 2012, 4:02 PM
Renesas (RNECY.PK) will announce a restructuring plan this week that will include laying off 1/3 of its work force and shuttering half of its chipmaking plants, Reuters reports. In exchange, Renesas will receive ¥100B ($1.26B) worth of loans from shareholders Hitachi (HIT), Mitsubishi, and NEC, along with four banks. A Saturday report from The Nikkei claimed Renesas was looking to sell or close 10 plants. TSMC (TSM - previous) could be interested in some of them.| Jul. 2, 2012, 4:02 PM