Japan's Renesas considering selling loss-making mobile chip unit

TOKYO (Reuters) - Japan's Renesas Electronics Corp will decide in fiscal 2013 whether to sell its loss-making mobile chip business, the company said on Tuesday. Renesas, the world's No. 1 maker of microcontroller chips used in cars, received a $1.8 billion government-led bailout last year. The mobile chip division is part of its wholly owned subsidiary Renesas Mobile. Renesas acquired its mobile chip business from Finland's Nokia in 2010, and said the division has been in the red since then. ...

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