Renesas to Sell $1.8 Billion in Shares to Fund, Companies : News Photo

Renesas to Sell $1.8 Billion in Shares to Fund, Companies

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Bloomberg / Contributor
Yasushi Akao, president of Renesas Electronics Corp., speaks to reporters following a news conference in Tokyo, Japan, on Monday, Dec. 10, 2012. Renesas Electronics Corp., the ailing Japanese chipmaker, will sell at least 150 billion yen ($1.8 billion) of new shares to a government-backed fund and customers such as Toyota Motor Corp. as part of a bailout plan. Photographer: Noriyuki Aida/Bloomberg via Getty Images
Caption:
Yasushi Akao, president of Renesas Electronics Corp., speaks to reporters following a news conference in Tokyo, Japan, on Monday, Dec. 10, 2012. Renesas Electronics Corp., the ailing Japanese chipmaker, will sell at least 150 billion yen ($1.8 billion) of new shares to a government-backed fund and customers such as Toyota Motor Corp. as part of a bailout plan. Photographer: Noriyuki Aida/Bloomberg via Getty Images
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Date created:
December 10, 2012
Editorial #:
158053491
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Bloomberg
Object name:
RENESAS INVESTMENT

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Yasushi Akao president of Renesas Electronics Corp speaks to... News Photo 158053491Asia,Asian,Computer Chip,East Asia,Electronic,Electronics Industry,Finance,Following,Horizontal,Japan,Japanese,Journalist,Part Of,President,Press Conference,Renesas Electronics,Supplies,Talking,Technology,Tokyo PrefecturePhotographer Collection: Bloomberg 2012 BloombergYasushi Akao, president of Renesas Electronics Corp., speaks to reporters following a news conference in Tokyo, Japan, on Monday, Dec. 10, 2012. Renesas Electronics Corp., the ailing Japanese chipmaker, will sell at least 150 billion yen ($1.8 billion) of new shares to a government-backed fund and customers such as Toyota Motor Corp. as part of a bailout plan. Photographer: Noriyuki Aida/Bloomberg via Getty Images