Renesas Said to Explore Sale of Military ‘Rad Hard’ Business
- Radiation-resistant chip business sale could fetch $1 billion
- Tokyo-based Renesas has been focusing on supplying automakers
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Renesas Electronics Corp. is exploring the sale of a US unit with military applications, which could fetch as much as $1 billion, according to people familiar with the matter.
The Tokyo-based electronics maker is working with a financial adviser on the process, the people said, asking not to be identified because the matter is private. The asset is attracting interest from US chip companies, they added. The talks are early and Renesas’ plans could still change.