Renesas to Acquire 37% Stake in Retronix
December 29, 2006
Japanese Renesas announced on December 25 that it plans to invest NT$130 million (US$4.0 million; US$1 = NT$32.6) to acquire a 37% stake in Retronix, which is currently wholly owned by Taiwan's PSC (Powerchip Semiconductor Cooperation). After the acquisition, Retronix will focus on software development for Renesas' LSI products. The deal is slated to become effective on January 2007.