Arab Today, arab today japan chipmaker renesas soars on apple talks report
Last Updated : GMT 03:13:32
Arab Today, arab today
Arab Today, arab today

Japan chipmaker Renesas soars on Apple talks report

Arab Today, arab today

Arab Today, arab today Japan chipmaker Renesas soars on Apple talks report

Tokyo - AFP

 Shares in Japan's Renesas Electronics surged in Tokyo Wednesdayfollowing a report it is in talks with Apple to sell the US giant its stake in a unit thatdesigns microchips for liquid crystal displays.Chipmaker Renesas jumped as much as 19 percent in early trade before settling backto 857 yen ($8.25) by the break, up 9.31 percent. The Nikkei business daily said Apple was eyeing Renesas SP Drivers, which makesabout a third of the world's chips that control small and midsize liquid crystaldisplays, as it looks to boost resolution and battery life in its popular gadgets.Apple wants to buy Renesas' entire 55 percent controlling stake in the company -- ajoint venture with Japan's Sharp and Taiwan's Powerchip -- for about 50 billion yen($480 million), it said.The report said the deal may be part of a wider move by Apple to bring keyproduction in-house and move away from outsourcing to a range of suppliers thatmake its iPhones and iPads.Renesas declined to comment beyond saying that "our company and Renesas SPdrive are studying various possibilities for our further growth, but there is nothingthat has been decided at this point".The report comes days after the respected Nikkei said Apple willreleaseitsnewestiPhoneinSeptember, with higher resolution and bigger screens, its latest salvo inthe smartphone wars where it has lost global market share to rivals such asSamsung.Renesas, the world's biggest supplier of automotive microcontroller chips, was created through a merger of the chip units of Hitachi, Mitsubishi Electric and NEC.However, it has been forced to implement painful restructuring measures, includingshedding more than 1,000 jobs in Europe, as it said in February it expects to report anet loss of 21.8 billion yen in the fiscal year to March.-- Dow Jones Newswires contributed to this story -

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japan chipmaker renesas soars on apple talks report Arab Today, arab today japan chipmaker renesas soars on apple talks report

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japan chipmaker renesas soars on apple talks report Arab Today, arab today japan chipmaker renesas soars on apple talks report

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Trump: End of Daesh is in sight

GMT 20:29 2017 Monday ,23 October

Trump: End of Daesh is in sight
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday