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Renesas Considers US$ 2 Billion Sale of Timing Unit as Part of Strategic Shift

Renesas Electronics Corp., Japan's leading chipmaker, is selling its timing division for about US$ 2 billion. The company is working with JPMorgan on this strategic divestiture, which is just getting started. This is in accordance with the plan by Renesas to focus on its core automotive and industrial semiconductor businesses. Details of the Potential Sale The considered timing division designs specialized integrated circuits that perform clock, timing, and synchronization functions. Such components are required for the proper flow of data within high-speed networking gear, such as data centers and telecommunication infrastructure. The primary markets for the division include data centers, where its products enhance server-to-server communication, as well as the deployment of 5G mobile networks. The sale prospect has generated interest from the world's top chipmakers including U.S.'s Texas Instruments…