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Japan s early victory in the chipmaking race

How Japan Pulled Off an Early Victory in the Race to Make More Chips

(Bloomberg) When Taiwan Semiconductor Manufacturing Co. unveiled plans to begin building a new chip fabrication facility in Japan in 2022 and start production in 2024, it looked like an implausibly aggressive schedule. Chip plants often take three years to complete, and, although the Taiwanese company had moved faster on its own turf, this would be its first such attempt in Japan — where it would have to navigate foreign bureaucracies and regulations.Most Read from BloombergNvidia Rises Most

NEC spurned private equity offers before selling discounted stake in iPhone supplier: sources

NEC spurned private equity offers before selling discounted stake in iPhone supplier: sources
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NEC spurned private equity offers before selling discounted stake in iPhone supplier, sources say

At least three global funds all made offers to both NEC and its listed subsidiary JAE, indicating they were willing to pay substantial premiums to buy out the maker of electronics components, the people said, all of whom declined to be identified because the talks were private.

Exclusive-NEC spurned private equity offers before selling discounted stake in iPhone supplier, sources say

TOKYO (Reuters) -Japan's NEC received multiple buyout offers from global private equity funds for iPhone supplier Japan Aviation Electronics Industry before agreeing to sell back much of its 51% stake to the Japanese company at a discount, five people said. At least three global funds all made offers to both NEC and its listed subsidiary JAE, indicating they were willing to pay substantial premiums to buy out the maker of electronics components, the people said, all of whom declined to be identified because the talks were private. The existence of those offers, which has not been previously reported, could open IT services and software firm NEC and JAE up to criticism they potentially failed to act in the best interest of shareholders, governance experts said.

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