Japanese fund INCJ sells $1.8b stake in semiconductor maker Renesas

Japanese fund INCJ sells $1.8b stake in semiconductor maker Renesas

FILE PHOTO: Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo

Japanese state-backed fund INCJ said it has sold all but a token portion of its stake in semiconductor manufacturer Renesas Electronics, offloading 279 billion yen ($1.84 billion) worth of shares.