360° Coverage : Apple Reportedly Trying to Acquire Renesas SP Drivers

Apple Reportedly Trying to Acquire Renesas SP Drivers

Apple has offered $479 million for purchasing the Japanese chip manufacturer

Apr 2 2014, 1:42pm CDT | by

Apple Reportedly Trying to Acquire Renesas SP Drivers
Photo Credit: Getty Images

Apple is looking to make a record breaking purchase of a chip development company, as the tech giant is reportedly attempting to buy Renesas SP Drivers-a Japan based firm.

According to Nikkei, a Japanese news agency, Apple has proposed $479 million for grabbing the 55 percent investment of Renesas SP Drivers-a group of companies consisted of Renesas, Sharp, and a Taiwan based firm called Powerchip.

The deal will be Apple’s biggest acquisition in history, leaving behind the record of spending $404 million for NeXT in 1997.

According to Apple Insider, if the deal is really done, Sharp is very likely to sell its 25 percent of share to the Cupertino company. However, all the employees of Renesas SP Drivers are expected to remain in the company after the acquirement.

Renesas SP Drivers is known as the main manufacturer for constructing the LCD chips of the iPhone, which is a very important component for increasing the quality of the display. It might be Apple’s main reason for purchasing the Japanese chip manufacturer.

 

 

 
 
 


Ehsanul Haque Kanan is covering consumer electronics with passion. He is especially an avid follower of all things Apple.

 

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