Japan state-backed fund, others to sell nearly $3 billion of Renesas stock

TOKYO (Reuters) - Renesas Electronics Corp said on Tuesday a state-backed fund and other shareholders would reduce their stakes in the Japanese chip maker, in a sale worth up to 295 billion yen ($2.8 billion) based on the prior day's closing price.

from Reuters: Technology News https://ift.tt/2GObPXI