Renesas Electronics Corp's logo is seen on its product at the company's conference in Tokyo, Japan, April 11, 2017. REUTERS/Toru Hanai
NEW YORK (Reuters) -Renesas Electronics Corp. is exploring a sale of its timing division in a deal that could value the business at close to $2 billion, according to people familiar with the matter.
The Japanese semiconductor manufacturer is working with investment bankers at JPMorgan on the potential divestment, which is in its early stages, the sources said.
