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Slideshow Japan chipmaker Renesas flooded with buy orders on rescue hopes Tweet Share this Email Print Related News Japan government mulls Renesas rescue with Toyota, others: sources Sat, Sep 22 2012 UPDATE 2-Japan govt mulls Renesas rescue with Toyota, others-sources Sat, Sep 22 2012 Sharp in talks to supply panels for ultrabooks: sources Fri, Sep 21 2012 Japan's Nikkei reaches four-month closing high on BOJ easing Wed, Sep 19 2012 Anti-Japan protests reignite across China on occupation anniversary Tue, Sep 18 2012 Related Topics Tech » TOKYO | Sun Sep 23, 2012 9:08pm EDT TOKYO (Reuters) - Shares of Renesas Electronics Corp were untraded with a glut of buy orders on Monday after sources said a Japanese government fund, as part of a consortium including Toyota Motor Corp, was considering a bailout of the troubled chipmaker. Such a plan would counter a 100 billion yen ($1.3 billion) bid for Renesas by private equity firm KKR, which is in talks to buy a majority stake in the world's leading manufacturer of microcontroller chips used in cars, sources told Reuters last month. Renesas was notionally quoted at 336 yen, up nearly a third from Friday's close of 256 yen. The taxpayer-funded Innovation Network Corp's plan may include an offer of more than 150 billion yen in return for a controlling stake in Renesas, two sources familiar with the discussions told Reuters on Saturday. The offer may be delivered to Renesas's major shareholders NEC Corp, Hitachi Ltd and Mitsubishi Electric Corp next month, the Nikkei business daily reported on Saturday. The group wants to acquire a majority stake in Renesas before the end of the year, the Nikkei added. As customers of Renesas, Toyota and other Japanese manufacturers might be persuaded to help the firm, which has struggled with sinking prices and aggressive overseas rivals, in order to secure their supply chains, an industry source told Reuters on Saturday. ($1 = 78.1600 Japanese yen) (Reporting by Dominic Lau and James Topham; Editing by Chris Gallagher) Tech Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. 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