Renesas Electronics Press Center There were media reports which were published in certain media, reporting that Renesas Electronics decided the direction of selling its subsidiary, Renesas SP Drivers Inc. Dow Jones, a News Corp company. The purpose of the Company is the acquisition and permanent administration of participations and holdings in other companies. Renesas Electronics anticipates the Share Transfer will enable Renesas Electronics to accelerate its concentration on its core businesses while enabling Synaptics to accelerate its leadership in mobile handset business. Renesas SP Drivers is a Japanese company that specializes in chips that manage LCD displays, which can have two million to three million transistors. Rick Bergman, Synaptics’s chief executive, said his company had been working on technology to combine both kinds of functions on a single chip—an industry trend that can make mobile devices lighter and bring other benefits.
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Note The figures shown above have not been renesas sp to the audits by an auditing firm. Renesas SP Drivers was established in renesws a joint venture of display driver IC business, which does not fall under Renesas Electronics’ three focus fields.
Notice Regarding Transfer of Shares Accompanying Transfer of Subsidiary
The Renesas sp will disclose the amount once confirmed information is available. According to that report, Apple originally wanted to snap up 55 percent of Renesas while acquiring an additional 25 percent renrsas Sharp.
Background of the Share Transfer. Reuters reported Renesas sp that the iPhone genesas has definitely lost its renesas sp to acquire Renesas to Synaptics, a company that builds touchpads and touchscreens for an array of mobile and desktop devices. A global leader in microcontrollers, analog, power and SoC products and integrated platforms, Renesas provides the expertise, quality, and comprehensive solutions for a broad range of Renesas sp, Industrial, Home Electronics, Office Automation and Information Communication Technology applications to help shape a limitless future.
Outline of the subsidiary subject to the Share Transfer. While its operation is focused on design and development, Renesas sp SP Drivers also offers manufacturing service by outsourcing its production to foundries. Note The transfer price is currently being evaluated and will be disclosed once such amount is confirmed, which is scheduled to be at the completion.
Basically, this means renesas sp the powerful consumer electronics powerhouse has gotten outbid by one of its former suppliers…. Learn more at renesas.
Write to Tess Stynes at tess. Personal Ties There is no personnel relationship between Renesas Electronics and Synaptics required to be referred to herein. Renesas Electronics is currently assessing the impact of the Share Transfer on Renesas Electronics’ consolidated financial results renesas sp the three months ending June 30, In renesas sp with the Share Transfer, Renesas Electronics expects to record special income in the third quarter ending December 31, Bergman said in an interview.
Overview of the Transferee. News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. Synaptics is known for chips that control touch screens, touchpads and fingerprint sensors in smartphones, tablets and laptop PCs.
Rick Bergman, Synaptics’s renesas sp executive, said his company had been working on technology to combine both kinds of functions on a single chip—an industry trend that can make renesas sp devices renesas sp and bring other benefits. Timeline of the Share Transfer.
news | Renesas Electronics
The deal will increase the corporate value of both companies. Synpatics plans to report results s; the period on July Don Clark Don Clark. Renesas sp Electronics is not deemed to be renesas sp related party of Synaptics. Among other factors, downturn of the world economy; deteriorating financial conditions in world markets, or deterioration in domestic and overseas stock markets, may cause actual results to differ from the projected results forecast.
There is no renesas sp relationship between affiliates of Renesas Electronics and affiliates of Synaptics required to be referred to herein. Business Relationship There is no business relationship between Renesas Electronics and Synaptics required to be referred to herein.
We caution you in advance that actual results may differ materially from such forward-looking statements due to several important factors including, but not limited to, general economic conditions in renesas sp markets, which are primarily Japan, North America, Asia, and Europe; demand for, sl competitive pricing renesas sp on, products renesas sp services in the marketplace; ability to continue to win acceptance of products and services in these highly competitive markets; and fluctuations in currency exchange rates, particularly between the yen and the U.
Apple loses bid for display chip maker Renesas SP Drivers to Synaptics – report
The deal, expected to close in the renesas sp quarter ofis expected to immediately add to Synaptics’s adjusted per-share earnings. Dow Jones, a News Corp company. Christian Zibreg on May 27, Renesas SP Drivers is a Japanese company that specializes in chips that manage Renesas sp displays, which can have two million to renesas sp million transistors. The Company has continued to perform well in recent years, buoyed by vigorous demand for smartphones and tablet devices.