Japan's Renesas keen on acquisitions, may issue shares to build warchest

Japan's Renesas keen on acquisitions, may issue shares to build warchest

Renesas Electronics Corp's Chief Executive Takao Endo holds a paper cup with the company's logo during an interview with Reuters at the company's headquarters in Tokyo, Japan, December 21, 2015. REUTERS/Toru Hanai/File Photo

Japanese automotive chip maker Renesas Electronics Corp is hungry for more acquisitions amid a wave of megamergers in the industry and may need toissue equity shares sometime in the future to build its warchest, its CEO said on Monday.

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