Renesas To Transfer Semiconductor Unit To Hitachi
The companies said that due diligence for the transfer was moving forward, and based on the outcome of that process, they were scheduled to sign a final contract in December.
Specific terms being discussed were not available Wednesday.
Renesas, a joint venture between Hitachi Ltd. and Mitsubishi Electric Corp., shares a common parent with Hitachi High-Technologies Corp., itself a subsidiary of Hitachi.
Currently, the two companies have...
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