Reuters - Japan Chipmaker Renesas Flooded With Buy Orders on Rescue Hopes

A Japanese government fund, as part of a consortium including Toyota Motor Corp, is considering a bailout of troubled chipmaker Renesas Electronics Corp, writes Reuters. Such a plan would counter a 100 billion yen ($1.3 billion) bid for Renesas by private equity firm KKR, which is in talks to buy a majority stake in the business, writes Reuters.

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