INGATE

From The Sip Trunking Experts

TMCNet:  Renesas UPDATE1

[November 25, 2012]

Renesas UPDATE1

(Japan Economic Newswire Via Acquire Media NewsEdge) TOKYO, Nov. 26 -- (Kyodo) _ (EDS: ADDING DETAILS) Hitachi Ltd. and two other major shareholders of Renesas Electronics Corp. have reached a basic deal on a buyout plan for the struggling chipmaker with a Japanese government-backed turnaround fund, sources familiar with the agreement said Monday.


The purchase plan presented last month by the Innovation Network Corp. of Japan, involving investment totaling about 200 billion yen, is expected to be finalized in early December, the sources said.

The basic deal has been struck between the fund and the three top shareholders, Hitachi, NEC Corp. and Mitsubishi Electric Corp.

Renesas, a leading maker of microcontrollers and other semiconductor products, is expected to cut about another 5,000 staff as part of its turnaround efforts.

The fund has been asking the three major shareholders to employ about 1,000 of the staff among them.

Mitsubishi Electric plans to accept more than 100 Renesas employees. But NEC -- which itself is facing tough business conditions and carrying out a cut of some 10,000 workers worldwide -- is considering providing financial assistance to the chipmaker rather than taking on staff, according to the sources.

Under the plan, the fund will invest about 180 billion yen and acquire around two-thirds of Renesas' shares.

The rest will be acquired by the chipmaker's eight major clients, including Toyota Motor Corp. and Panasonic Corp.

In a move acknowledging Renesas's poor business performance, the turnaround fund and the companies involved are planning to replace President Yasushi Akao and some of its other executives, the sources said.

U.S. investment fund Kohlberg Kravis Roberts & Co. had proposed buying Renesas. But the Japanese public-private alliance countered the proposal fearing it could compromise the supply of microcomputers, essential to many automotive and consumer electronics products.

(c) 2012 Kyodo News International, Inc.

[ Back To SIP Trunking Home's Homepage ]

Loading
Subscribe here for your FREE
SIP TRUNKING enewslettter.

Featured Partner


Featured Whitepapers

SIP Security for the Enterprise
Voice over IP (VoIP) is incorporated into a variety of computer networks, both public and private, and used for everyday transactions and communications among carriers, businesses, government agencies...

Making A Broadband Purchase Decision
Businesses today have many options for broadband connectivity. Clarifying your particular business needs prior to selecting a broadband provider will ensure an optimal match of broadband service to your requirements.

Voice-Optimized Network Delivers Premier Call Experience
Customers equate call quality with business quality. Real-time communication, interpersonal interaction, and the cordial tone of a call center representative can create a positive impression of your business that no email can match.

Featured Case Studies

Business Telecom Expenses Reduced 50%
A small to medium sized company in the midwest was interested in migrating to IP Communications, but in today's economy, they were hesitant to upgrade their communication system due to their perception that the cost would outweigh the benefits.

Multi-State Company Cuts Telecom Costs 50%
A multi-site, multi-state company with extensive monthly long distance fees and toll-free charges did not have adequate broadband for Broadvox SIP Trunking requirements, nor did they have a SIP enabled telephone system.

Discover Leisure Connects Remote Users to its IP-PBX
Discover Leisure is one of the largest resellers of caravans and motor homes in the UK. With 15 branch of?ces all over the country, the company spent a great deal of money every month just on internal phone calls.

Featured eBOOKS

Internet+: The Way Toward Global Unified Communication
Connecting the telephony of the enterprise PBX or Unified Communications (UC) system using SIP trunks instead of conventional telephone lines has been very successful in recent years.

What is SIP Trunking? Edition 2
SIP trunking is becoming more of a focus for service providers. One key issue many service providers face when deploying SIP trunks is NAT, or Network Address Translation, traversal.

What is SIP Trunking? Edition 1
A vast resource for information about all things SIP - including SIP, security, VoIP, SIP trunking and Unified Communications.

Featured Videos

Broadvox VAR Testimonial VAR 1:
Part 1 of the VAR (Value Added Reseller) Partner Program Testimonials for Broadvox...

E-SBCs AS The Demarcation Point:
Ingate's Steve Johnson talks to Erik Linask about the role session border controller plays as the demarcation point at...

Demystifying DPI
How can deep packet inspection protect your SIP traffic as well as your entire network?

Featured Resources

Partner Program Overview:
Over 4,000 VARs, Master Agents, Solution Providers, and Independent IT Professionals trust Broadvox. We offer customized services and solutions to fit seamlessly into any company's business model. And when you partner with Broadvox, every member of our team stands behind you and your customers 100%...

SIP Trunk UC Summit

What's New

Presenting the New Ingate/Intertex Website:
Internet+ is an extended Internet access allowing high quality SIP (Session Initiation Protocol) based real-time person-to-person communication, everywhere and for any application. It applies to both fixed and mobile networks ...

Featured Blogs

Featured Webinars

Secure SIP Trunking:
What You Need to Know

Successfully Deploying Enterprise SIP Trunking:
Tools and Techniques for Overcoming Common Roadblocks

Featured Podcasts

Getting the Most Out of Your SIP Trunks:
Ingate's Steve Johnson and TMC's Erik Linask discuss how best practices forgetting the most out of SIP Trunking services and common pitfalls to avoid.

Featured Datasheets

Ingate SIParator E-SBCs
Adopting SIP is a simple process with the Ingate SIParator, the secure enterprise session border controller (E-SBC). The SIParator makes secure SIP communications - including VoIP,SIP trunking and more - possible while working seamlessly with your existing network firewall.

Ingate Firewalls
Everyone is talking about enterprise usage of VoIP, instant messaging and other types of realtime communications including presence and conferencing.

SIP Trunk Solutions for Service Providers
The award-winning Ingate Firewall and Ingate SIParator deliver a high quality, reliable SIP trunk connection between the customer's IP-PBX and the service provider network, and solve interoperability issues to simplify deployments and support for remote diagnosis of reported issues.