Apple wants to keep a tight grip on its supply chain, but it’s caught in a bidding war over a key component supplier for the iPhone.
Renesas Electronics has been in talks with Apple about Cupertino taking over a unit of the Japanese company that makes all the iPhone’s display chips. Apple has been interested in the purchase, but it’s now set to lose to a higher bid from Synaptics, a screenmaker that already works with Apple and its competitors.
