According to a Reuters report, the Japanese government and several of the country's largest manufacturers are joining forces to rescue troubled electronics manufacturer Renesas Electronics. Toyota, Nissan, Honda, Panasonic, Canon and Denso are set to contribute a combined $637.9 million to a $2.55 billion deal that will see the group gain control of the company. Robert Bosch GmbH is also considering investing in the electronics manufacturer. Why are so many varied corporations interested in Renesas' future? The company is the world's leading supplier of microcontroller chips.
Autoblog , Toyota, Nissan, Honda to assist in $2.55B bailout of chipmaker Renesas with Japanese gov., Toyota, Nissan, Honda to assist in $2.55B bailout of chipmaker Renesas with Japanese gov.
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