Hitachi, NEC seek to raise up to $2.1b through share sale in chipmaker Renesas

Hitachi, NEC seek to raise up to $2.1b through share sale in chipmaker Renesas

FILE PHOTO: Renesas Electronics Corp's logos are pictured at the company's conference in Tokyo, Japan, April 11, 2017. REUTERS/Toru Hanai/File Photo

Hitachi and NEC Corp are aiming to raise up to $2.1 billion by selling their stakes in chipmaker Renesas Electronics, according to a term sheet seen by Reuters, joining a Japanese restructuring drive that has boosted shares.