On one hand, Japan wants to keep this affair in the family by using government money and funding from domestic customers and investors, thus shutting out a potential foreign buyer. On the other hand, Japan wants a non-Japanese CEO to pull off a miracle.
Cynics might say that Japan is already looking to hire a “foreign” scapegoat, in case Renesas collapses. Either that, or Japanese officials may be naïve enough to believe that someone like Carlos Ghosn, who saved troubled Nissan, will miraculously emerge from the global chip industry to save the day.
Who would you nominate as the savior of Renesas? Let us know in the comments box below.
Junko, Interesting article.
I think you may need to add one more zero. 138BYen is $1.67B...not $167M. Do we really think you can pick up a majority stake in a company the size of Renesas (~$8-9B in sales) for under $200M?