Japan's INCJ invests in troubled Nihon Inter Electronics Corp.
Innovation Network Corporation of Japan (INCJ), the private-public investment fund 89% owned by the Japanese government, will take up one third of the share allotment issued by Nihon Inter Electronics Corporation, a listed manufacturer of semiconductors and power module products, for JPY3.5 billion ($43.2 million), according to the company’s press release.
Nihon Inter's communication also noted that INCJ will provide management support through introducing new talent from outside the company. The company filed for ADR bankruptcy protection in April 2010,...
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