Renesas gets $1.5 billion bailout from government, customers

TOKYO (Reuters) - Japanese chipmaker Renesas Electronics Corp received on Monday the 150 billion yen ($1.53 billion) bailout pledged last year by a government-led fund and major customers to aid the company's restructuring efforts. Eight of Renesas' customers, including Toyota Motor Corp, Panasonic Corp and Nissan Motor Co Ltd paid just over 12 billion yen through a third-party share allocation and the government-led fund contributed the rest. ...



via Tech News Headlines - Yahoo! News http://news.yahoo.com/renesas-gets-1-5-billion-bailout-government-customers-062858392--finance.html