Operations overhauled: A Renesas chip is pictured at the company’s office in Tokyo. The company posted its first net profit in fiscal 2014 after restructuring that included halving its workforce, shutting plants and selling non-core businesses to concentrate resources on the automotive sector. — Reuters
TOKYO: Japanese chip supplier Renesas Electronics Corp aims to be an acquirer amid a wave of industry consolidation, hoping to exceed NXP Semiconductors and Freescale Semiconductor in size after their planned merger, its financial chief said.
“As the chips industry consolidates in pursuit of scale, we want to be a proactive rather than a passive player,” chief financial officer Hidetoshi Shibata said in an interview.
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