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Business

Restructuring only half the battle for Renesas

TOKYO -- Renesas Electronics is wrapping up a string of major restructuring measures, which have brought profits on track toward recovery, but a scenario for its next phase of growth has yet to appear.

     The Japanese chipmaker announced Wednesday that it will sell Renesas SP Drivers, in which it has a 55% stake, to U.S. electronics manufacturer Synaptics.

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