The deal value is anticipated to be $483m.
Apple is considering acquiring Japanese firm Renesas Electronics’ stake in Renesas SP Drivers that builds chips for LCDs used in smartphones
The deal value is anticipated to be in the range of $483m with the acquisition expected to be completed by summer.
The Japanese publication Nikkei reported that the US smartphone maker latest move would offer it with the in-house talent pool required to boost image sharpness on product displays, while improving battery life.
Renesas SP Drivers is a joint venture between Renesas, Sharp and Taiwanese firm Powerchip. Sharp, which holds 25% in Renesas, is considering selling its stake to Apple upon the current transaction gets finalised.
Renesas has been facing slowing orders and competition from companies such as Samsung Electronics.
Apple is putting efforts to mend the design of core display components into overall product development as the image quality is turning out to be a critical selling point for smartphones.
The iPhone maker’s global smartphone shipment share dropped to 15.2% in 2013, which is less than half of competitor Samsung.