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Renesas abandons plan to ask shareholders for capital: report

yahoo.com (2 years and 1 month ago)

Jun 8, 2012

TOKYO (Reuters) - Loss-making Japanese chipmaker Renesas Electronics Corp has abandoned a plan to ask its major shareholders for a capital injection and is instead seeking guarantees from them for its loans, the Mainichi newspaper reported on Friday. Renesas, the world's fifth-largest chipmaker and a product of successive mergers of the chip divisions of Mitsubishi Electric Corp, Hitachi Ltd and NEC Corp, has been planning to raise more than... full story

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