Reuters
2 minute read
Renesas Electronics Corp s logo is seen at a company conference in Tokyo, Japan, April 11, 2017. REUTERS/Toru Hanai
Japan s Renesas Electronics Corp (6723.T) said it will raise 218.5 billion yen ($1.99 billion) through a new share issue to help the automotive semiconductors maker fund its planned $6 billion purchase of Dialog Semiconductor (DLGS.DE).
In February, Renesas announced the acquisition of the Anglo-German chip designer and Apple Inc (AAPL.O) supplier in a bid to tap the growth in assisted driving technology and the roll out of broadband 5G networks that could spur connectivity across smart devices.
The two companies had been cooperating in automotive computing platforms since August.
JD Logistics Inc (2618.HK) surged on debut, giving the Chinese delivery and warehousing firm a $34 billion stock market value and providing a strong start on Friday for Hong Kong's second-largest listing this year.
Hong Kong's legislature approved the biggest overhaul of its political system in the quarter century since British rule on Thursday, in a decisive step to assert Beijing's authority over the autonomous city.
Spain's Supreme Court opposes potential government pardons for the 12 Catalan separatist leaders convicted for their role in the region's failed independence bid in 2017, it said in a non-binding report on Tuesday.