INCJ

Renesas Announces Completion of INCJ’s Sale of Renesas Shares

Retrieved on: 
Tuesday, November 14, 2023
Networks, Professional Services, Hardware, General Automotive, Technology, Automotive, Other Manufacturing, Semiconductor, Security, Audio, Video, Finance, Other Technology, Manufacturing, Sale, INCJ, Growth, TSE, Transitron Electronic Corporation, Treasury, Security (finance), Renesas Electronics

Renesas Electronics Corporation (TSE: 6723, “Renesas”), a premier supplier of advanced semiconductor solutions, today announced that all of its shares owned by INCJ, Ltd. (“INCJ”) have been sold by INCJ (“the sale,” excluding fractional shares1).

Key Points: 
  • Renesas Electronics Corporation (TSE: 6723, “Renesas”), a premier supplier of advanced semiconductor solutions, today announced that all of its shares owned by INCJ, Ltd. (“INCJ”) have been sold by INCJ (“the sale,” excluding fractional shares1).
  • This indicates a successful exit by the Japanese state-backed fund from its investment in Renesas that supported Renesas’ transformation to profitability.
  • “10 years have passed since we invested in Renesas to support its growth in the rapidly changing semiconductor industry.
  • (Note 2) Ratio of the number of shares held to 1,769,599,472 shares, which is calculated by deducting the 188,854,551 shares of treasury stock held by Renesas as of November 13, 2023 from 1,958,454,023 shares, which is the total number of issued shares of common stock as of the same day.

Embedded Flash Memory Developer Floadia Raises 1.05 Billion Yen from Inabata and Others

Retrieved on: 
Wednesday, October 11, 2023
Inabata & Co., Ltd., UMC, Faraday Technology, AI, Japan Finance Corporation, Intellectual property, TSMC, Electronics, Temperature, G1, CIM, INCJ, Venture round, Computer data storage, Memory

TOKYO, Oct. 11, 2023 /PRNewswire/ -- Floadia Corporation (hereinafter referred to as "Floadia"), which develops embedded flash memory IP cores based in the Tokyo suburb of Kodaira-shi, has raised approximately 1.05 billion yen in Series D round.

Key Points: 
  • TOKYO, Oct. 11, 2023 /PRNewswire/ -- Floadia Corporation (hereinafter referred to as "Floadia"), which develops embedded flash memory IP cores based in the Tokyo suburb of Kodaira-shi, has raised approximately 1.05 billion yen in Series D round.
  • Floadia will use the funds raised to strengthen sales activities promoting its current primary business, embedded flash memory IP cores, to semiconductor manufacturers, and to enhance developing ultra-low power consumption AI accelerator chips that utilize flash memory devices.
  • Floadia is developing Computing in Memory (CIM) chips, which use flash memory devices as information transmission media, as a pillar of the next business following flash memory IP cores.
  • Floadia's flash memory solves these issues with analog memory technology and enables advanced AI inference calculations in edge environments with significantly low power consumption.

Cloudian Raises $60 Million in Funding to Accelerate Hybrid Cloud Data Management

Retrieved on: 
Wednesday, January 18, 2023
Small business, API, HPE, INCJ, Architecture, Enterprise, Organization, Growth, Seagate, SAN, Intel Capital, Data management, Cisco Systems, Gartner, Commercial, DEC Alpha, Silicon Valley Bank, Video game console, Cloudian

SAN MATEO, Calif., Jan. 18, 2023 (GLOBE NEWSWIRE) -- Cloudian today announced that it closed $60 million in new funding, bringing the company’s total funding to $233 million.

Key Points: 
  • SAN MATEO, Calif., Jan. 18, 2023 (GLOBE NEWSWIRE) -- Cloudian today announced that it closed $60 million in new funding, bringing the company’s total funding to $233 million.
  • This latest investment reinforces Cloudian’s leadership position, accelerates its hybrid cloud platform capabilities and prepares the company for its next phase of growth.
  • “As organizations move to the next level of digital transformation, they increasingly seek technologies that deliver hybrid cloud data management at limitless scale across all platforms,” said Cloudian CEO Michael Tso.
  • Cloudian meets this need with a native S3 API data management platform and a unified management framework that spans all Cloudian instances, organization-wide.

Eneti Inc. Announces the Repurchase of Common Stock

Retrieved on: 
Wednesday, August 31, 2022
Phrase, COVID-19, NYSE, Legislation, Insurance, Coronavirus, Accident, Board, Private Securities Litigation Reform Act, Forward-looking statement, WTIV, Investment, Goal, New, GLOBE, Company, Compliance, Failure, INCJ, Public expenditure, Acquisition, Wind, Contract, Risk management

MONACO, Aug. 31, 2022 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE:NETI) (the Company) announced today that it repurchased 2,292,310 shares of its common stock (the Shares) from INCJ, Ltd., for approximately $17.0 million.

Key Points: 
  • MONACO, Aug. 31, 2022 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE:NETI) (the Company) announced today that it repurchased 2,292,310 shares of its common stock (the Shares) from INCJ, Ltd., for approximately $17.0 million.
  • The repurchase of the Shares was made under the Companys existing board authorized repurchase plan.
  • As of August 31, 2022, $14.9 million remains available under the repurchase plan.
  • Eneti Inc. is a leading provider of installation and maintenance vessels to the offshore wind sector and has invested in the next generation of wind turbine installation vessels.

Renesas Announces Acquisition of and Tender Offer for Own Shares

Retrieved on: 
Wednesday, April 27, 2022
Technology, Hardware, Semiconductor, Tender offer, Board, Williams Act, Treasury, Companies Act, Mini-tender offer, Tokyo Stock Exchange, Tender, INCJ, Intention, Cabinet, Board of directors, EPS, Sale, Ministry, Review, Financial instrument, Contract, Director, Method, Articles of incorporation, Paragraph, ROE, Policy, Acquisition, Time, Cryptocurrency, Security (finance), Auction, Health insurance, Life insurance, Bank, Renesas Electronics

Renesas also determined that, by acquiring its own shares in accordance with the statutory procedures for tender offers, a tender offer would also ensure the transparency of the transaction.

Key Points: 
  • Renesas also determined that, by acquiring its own shares in accordance with the statutory procedures for tender offers, a tender offer would also ensure the transparency of the transaction.
  • As stated below, Renesas believes that, when calculating the purchase price per share in the Tender Offer (the "Tender Offer Price"), priority should be given to the market value of the shares of Renesas common stock.
  • In addition, on April 27, 2022, Renesas entered into a tender agreement with INCJ (the Tender Agreement) in which INCJ agreed to tender 168,067,175 shares (ownership ratio: 8.65%; the INCJ Tendered Shares), a part of the shares of Renesas common stock owned by INCJ, through the Tender Offer.
  • issued by Renesas is commenced by the end of the Tender Offer Period by a third party other than Renesas (the "Competitive Tender Offer"), and if, with respect to all or part of INCJ Tendered Shares, INCJs non-tendering of shares in the Competitive Tender Offer and non-termination of the contracts relating to the Tender Offer constitutes, or is objectively and reasonably determined to constitute, a breach of the duty of due care of a good manager as a director of INCJ, INCJ shall be entitled to terminate the contracts relating to the Tender Offer and tender all or part of the INCJ Tendered Shares in the Competitive Tender Offer on the condition that INCJ pays a penalty to Renesas.

Eneti to Acquire Seajacks to Become the World’s Leading Owner and Operator of Wind Turbine Installation Vessels (WTIV)

Retrieved on: 
Thursday, August 5, 2021
Public expenditure, Internet, Insurance, Limited liability partnership, Board, New York Stock Exchange, INCJ, Samsung Heavy Industries, Earnings before interest, taxes, depreciation and amortization, Private Securities Litigation Reform Act, Canada Steamship Lines Ltd v R, WTIV, Employment, International, Depreciation, Security (finance), Mitsui, Wind, Documentation, Interest, Sellers, ING Group, BofA Securities, Growth, Legislation, Sherman, Board of directors, GLOBE, Company, Record, U.S. Securities and Exchange Commission, Webcast, Investment, Wind turbine installation vessel, Coronavirus, Bulk carrier, Contract, Marubeni, COVID-19, Foundation, Accident, CMS, New, Libor, Goal, Forward-looking statement, Renewable energy, Management, Risk management

The share consideration is comprised of 7,433,031 common shares and 700,000 preferential shares in Eneti, subject to closing adjustments.

Key Points: 
  • The share consideration is comprised of 7,433,031 common shares and 700,000 preferential shares in Eneti, subject to closing adjustments.
  • In order to satisfy a portion of Seajacks debt, the Sellers will receive cash consideration of $12 million.
  • Seajacks flagship, NG14000X design Seajacks Scylla, was delivered from Samsung Heavy Industries in 2015, and it is currently employed in Asia.
  • Eneti Inc. is focused on marine-based renewable energy and has invested in the next generation of wind turbine installation vessels.

Floadia Raises 1.2 Billion Yen to Develop New Memory Technology That Can Be Disruptor in AI Edge Computing

Retrieved on: 
Wednesday, October 28, 2020
Companies, Economy of Japan, INCJ, Hardware acceleration, Integrated circuits, Computer engineering, NEC, Application-specific integrated circuit

Using this fund, Floadia will expand its existing embedded memory business and develop a new semiconductor memory technology that can make a breakthrough in AI edge computing with ultra-low power consumption.

Key Points: 
  • Using this fund, Floadia will expand its existing embedded memory business and develop a new semiconductor memory technology that can make a breakthrough in AI edge computing with ultra-low power consumption.
  • In the second closing, Miyako Capital, Marubeni Ventures, NEC Capital Solutions, and IDATEN Ventures undertook a total of 510 million yen.
  • Taking advantage of this funding, Floadia will also accelerate the development of AI edge computing devices that can significantly reduce power consumption.
  • Floadia had raised about 2.4 billion yen from INCJ (Japanese government fund), UMC Capital (Taiwanese foundry's affiliate), Faraday Technology (Taiwanese ASIC design company), etc.

Mitsubishi Electric to Make Follow-on Investment in Dynamic Map Platform Co., Ltd.

Retrieved on: 
Wednesday, February 13, 2019
Technology, Consumer electronics, Data management, Hardware, Software, Companies, Economy of Japan, Mitsubishi companies, Industries, INCJ, DMP, Mitsubishi Motors, Mitsubishi

Mitsubishi Electric Corporation (TOKYO: 6503) announced today its decision to make a follow-on investment of JPY 2 billion to fuel new growth in Dynamic Map Platform Co., Ltd. (DMP), a company which provides high definition 3D map data.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO: 6503) announced today its decision to make a follow-on investment of JPY 2 billion to fuel new growth in Dynamic Map Platform Co., Ltd. (DMP), a company which provides high definition 3D map data.
  • In addition to Mitsubishi Electric, INCJ Ltd., an existing shareholder of DMP, and Japan Infrastructure Initiative Company Limited, will also invest in DMP during this round of funding.
  • Following the completion of the acquisition, DMP looks forward to supporting the growth of the North American autonomous vehicle market, which is forecasted to grow rapidly.
  • It is currently engaged in developing high definition 3D map data for Japans national expressways and limited-access roads.