Apple spent $ 483 million to acquire Renesas chip company

The Nikkei daily reported that Apple is seeking to buy a company that is providing chips for iPhone screens, Renesas SP Drivers from Renesas, Japan.

Apple spent $ 483 million to acquire Renesas chip company Picture 1

According to the Nikkei daily newspaper , Apple may buy Renesas SP Drivers with prices up to 50 billion yen (about 483 million USD ), the acquisition of Renesas SP Drivers will help Apple to be proactive in planning and controlling flexible inputs. suing the screen chip for its products in the context of Samsung and other hardware manufacturers is currently controlling this array of services.

Renesas SP Drivers was created by a joint venture of Renesas ( 55% owned ), Sharp (25% owned) and Powerchip (25%).

Renesas is currently facing financial problems with losses of up to 6.28 billion USD and is in the process of restructuring so Renesas is looking for partners to sell 55% of its shares in Renesas SP Drivers to put resources to focus on semiconductor business for the automotive industry in the near future.

Although Renesas 's financial situation is " weak ", Renesas SP Drivers is really strong in technology for LCD screens.

" Other manufacturers cannot keep up with Renesas SP Drivers' technology, especially high screen resolution and power savings ," said an analyst.

Renesas SP Drivers currently accounts for one-tenth of the market share of the chip manufacturing market for small and medium-sized LCD monitors and is the partner in charge of producing the control chip for the iPhone's screen so if left to the rivals like Samsung acquired Apple will probably have difficulty controlling the input of this important component.