toggle

AAPL Stock: 112.92 ( + 3.23 )

Printed from http://www.macnn.com

Apple loses bid to buy into Renesas SP Drivers

updated 11:55 am EDT, Tue May 27, 2014

Synaptics seen as leading candidate instaead

Negotations between Apple and Renesas Electronics for a potential buyout of Renesas SP Drivers have broken down, according to Reuters. As a result, Renesas is said to have shifted focus to another potential investor, Synaptics, a fellow smartphone chip supplier. Renesas SP Drivers is a joint venture with Sharp and Powerchip that develops display drivers and controllers.

The proposed Apple deal would've involved buying up Renesas' 55 percent stake in SP Drivers at a cost of about $479 million, and acquiring Sharp's stake as well. The venture currently produces all of the display chips for the iPhone; owning it would've given Apple more control over that technology, but also had a serious impact on the smartphone industry. SP Drivers holds about a third of the market for small- to mid-sized LCDs, and Apple tends to shut out third parties once it buys a firm.




by MacNN Staff

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

ZTE Spro 2 Smart Projector

Home theaters are becoming more and more accessible these days, but maybe you've been a bit wary about buying a home projector. And h ...

MSI Geforce GTX 970 100ME

When Nvidia announced a new line of video cards in September 2014, many people thought things would continue to be business as usual i ...

Wren V5US Wireless Sound System

If you're a music fanatic, chances are you are, by extension, a bit fanatical about what you listen to your music on. If you're like ...

toggle

Most Commented