KKR Makes Offer for Japan's Renesas

HONG KONG— U.S. private-equity firm KKR & Co. has offered to invest in struggling Japanese chip maker Renesas Electronics Corp., people with knowledge of the proposal said Wednesday. KKR on Tuesday told the three major shareholders of Renesas—NEC Corp., Hitachi Ltd. and Mitsubishi Electric Corp.—about its investment proposal, two of the people said.

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