Japan’s Renesas set to receive $630 million in loans: report

TOKYO (Reuters) – Loss-making Renesas Electronics Corp is in final talks to secure a 50 billion yen ($ 630 million) loan from four banks after its major shareholders refused to inject fresh capital, the Mainichi newspaper said on Thursday. Shares in Renesas, the world’s fifth largest chipmaker that is battling high costs and strong overseas rivals, surged as much as 21 percent on the report to a one-month high. …

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