Apple mulling $483m swoop for display chip maker

Apple is in talks to buy part of chipmaker Renesas,which would give the iPhone maker a stake a business that designs LCD chips for iPhones and other devices.

Apple mulling $483m swoop for display chip maker

According to reports from Nikkei, the deal would be worth $483m and could be completed by the summer, with Apple looking to strengthen its supply chain.

As Nikkei pointed out, Apple currently buys all its iPhone LCD chips from Renesas and wants to protect supplies as the company is going through a restructuring after several years of losses.

The report claims Apple would buy Renesas’s 55% stake in Renesas SP Drivers, which would put Apple into partnership with co-owners in the joint venture, Sharp and Taiwan’s Powerchip.

Apple has yet to confirm its interest, but sources at Renesas confirmed to Reuters that it was considering a sale to an unnamed buyer.

The purchase would give Apple more control over image and screen quality, an area that is seen as key in its battle with Samsung.

Apple has not responded to a request for comment.

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