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
Jan. 27, 2012, 3:59 PMMagnaChip (MX +8.8%) jumps after announcing earlier that its Korean subsidiary is acquiring Dawin Electronics, a privately held South Korean semiconductor company that designs and manufactures Insulated Gate Bipolar Transistor, Fast Recovery Diode and MOSFET modules. Terms of the deal were not disclosed. | Comment!
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