Chipmaker Renesas' investors Hitachi, NEC cash out in turnaround milestone
TOKYO -- In a sign of how Japan's Renesas has advanced from a loss-making chipmaker to a high-earning link in global supply chains, investors Hitachi and NEC are poised to exit.
The Japanese technology groups this week announced plans to sell their stakes in Renesas, which was built from operations they spun off more than a decade ago.