TOKYO: Renesas Electronics Corp, Fujitsu Ltd and Panasonic Corp are in talks to merge their chip operations, four sources familiar with the matter told Reuters.
The three firms are considering spinning off their system chip design and development divisions, with production to be transferred to California-based Globalfoundries Inc, which is planning to set up a company in Japan, the sources said.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
