Japan state fund won’t sell majority to foreign buyer: Renesas CEO

The head of Japanese chipmaker Renesas Electronics Corp said its top shareholder, a government-backed fund, was unlikely to sell a majority stake to a foreign buyer amid speculation of interest from German peer Infineon Technologies AG. The Innovation Network Corporation of Japan (INCJ) owns around 70 percent of Renesas and will be free to sell some or all of its stake from September. “I don’t …

Read the source article at Yahoo Finance

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