NEC plans to raise 1.6 billion dollars to buy Renesas and boost investment
Source: Internet
Author: User
KeywordsMergers and acquisitions NEC Renesas Japan Yomiuri Shimbun
NEC is considering raising 150 billion yen (about $1.6 billion trillion) for the restructuring of NEC's electronic acquisition of Renesas Technology (Renesas Marvell) and investment in some growth areas, according to the Yomiuri Shimbun, Japan reported July 17. The report did not cite sources. In the matter, NEC said in a statement that the company has not yet made any decision on financing matters. Currently, NEC needs funds to complete the NEC electronic acquisition of Renesas Technology (Renesas Marvell), and the company also needs to invest in new growth areas such as lithium batteries. NEC has been in joint ventures with Nissan to produce lithium-ion batteries for hybrids and electric-car companies. Author: Black Cat
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