Japan's top chip distributor Macnica eyes acquisitions in India, China

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Japan's top chip distributor Macnica eyes acquisitions in India, China - Business Standard

Quick Summary:

Yokohama-based company, which often draws comparisons with factory automation provider Keyence Corp.

The goal is to lower Macnica’s reliance on semiconductors, which account for 90 per cent of its sales.

Macnica, which sells chips made by the likes of Intel Corp.’s Altera, is eyeing an overseas acquisition to better hold its own against bigger competitors.