Apple expected to purchase stake in LCD chip manufacturer Renesas
Apple is reportedly in talks to buy a majority stake in Renesas SP Drivers imaging chips firm. The firm has been designing LCD display chips for Apple for some time, and Apple is prepared to pay ¥50 billion (US$483 million) to buy the 55% stake of the company currently held by Renesas Electronics Corp. According to Nikkei:
The other 45% of Renesas SP Drivers is owned by a combination of Sharp and Powerchip, holding 25% and 20% respectively. Sharp is apparently willing to sell their stake to Apple as well, if only Apple would ask — and that would be another ¥22 billion (US$220 million).
Apple has been progressively moving more and more of their chip design in-house, both in an effort to build more efficient and customized chips, as well as to move business away from rival Samsung.
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Derek Kessler is Special Projects Manager for Mobile Nations. He's been writing about tech since 2009, has far more phones than is considered humane, still carries a torch for Palm, and got a Tesla because it was the biggest gadget he could find. You can follow him on Twitter at @derekakessler.