TOKYO: Japan's Renesas Electronics Corp, the world's biggest maker of micro-controller chips, was thrown a lifeline after gaining 150 billion yen (US$1.8bil) in a government-led bailout.
Slumping orders and relentless competition from South Korean rivals like Samsung Electronics Co Ltd have battered Japanese chipmakers. Renesas is trying to avoid the fate of Elpida Memory Inc, Japan's last maker of dynamic random access memory chips, which filed for bankruptcy protection this year.
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