Renesas Electronics Seeks Acquisitions
April 10, 2017 at 12:00 am EDT
Bunsei Kure, Chief Executive Officer of Renesas Electronics Corporation (TSE:6723) said,"Renesas Electronics Corp is hungry for more acquisitions amid a wave of megamergers in the industry and may need to issue equity shares sometime in the future to build its warchest,". "The fragmented (automotive chip) market will be eventually consolidated into some dominant players" posing a long-term threat to Renesas, currently the world's No. 3, Renesas chief executive Bunsei Kure told reporters.