renesas was created in the thousand ten in a merger of different japanese companies.evastating tsunami hit and they have struggled to recover from damage suffered at key plans. —— plants. in the thousand 13 it had to be bailed out by the government backed fund and after a series of sweeping job cuts, more than a thousand in europe, it is now embarking on an acquisition drive stop it also bought another american chip makerfor over $3 stop it also bought another american chip maker for over $3 billion just last year. in bosnia, opposition to the use of hydropower is growing. if all the plans come to fruition, hundreds of dams will be constructed on the country's rivers. but opponents insist the dams are damaging the environment and the chance of attracting tourists to bosnia's stunning scenery. our balkans correspondent, guy de launey, went to bosnia's rivers to find out more. it isa it is a powerful showcase for the natural beauty of bosnia. a haven for wildlife and a magnet for tourists in search of the spectacular. this man has lived here all his life. he is a river

isauto chipmaker renesas looking to explore and beyond cars.had heard from their management before the were actively looking for an acquisition here. how much of this is a supply -- surprise, and how much can we expect? renesas: that is clear, has been vocal about their hopes to grow via acquisitions. last year, they purchased. a company, they have been vocal and are closing in on this, another multibillion-dollar , and other semiconductor designer and manufacturer in the u.s.. their goal as you said, is to keep growing and also to ask and beyond cars, which is their main area. they are looking into health care or aerospace, or even solar industries. haidi: does a valuation look like a fair one? manuel: i think it should be enough to get the deal done based on previous reports, and where shares are trading. i think we are expecting something around x billion dollars, or something in the high -- around $6 billion or somewhere in the high $40 when we talk about share price. them in question would be whether any interlopers show up. haidi: thank y

a big takeover in the semiconductor industry, and it's all about self driving cars, as renesas buys idtbout what is going on.

the company will help expand renesas willand seek billions of dollars in loans but has no plans to conductity financing. alibaba is setting up a $2 billion joint venture. venture. the deal will see the online market places of the companies merged in russia and is backed by the kremlin through the investment fund. alibaba will pull the russian investigations. the alibaba deal was signed on the sidelines of the eastern economic forum. anne-marie spoke to russian direct investment fund ceos about why alibaba chose russia for expansion. >> they already have quite significant business here. it is like several billion dollars a year. in volume, it is growing and is very fast-growing. russia is a promising market not only for e-commerce but for cloud computing, artificial intelligence, and a partner for somebody like alibaba. >> in a press conference, you how jacking about himself was involved in the deal. can you take me through that? we have been working for about two years. >> is passionate about transferring some of the know-how and knowledge into russia and see greater opportunities in russi

the california company will help expand into devices and renesas will seek $6 billion in loans but hasplans to conduct equity financing. alibaba is setting up a $2 billion joint venture. let us with russian billionaire. the deal will see the online market places of the companies merged in russia and is backed by the kremlin through the russian direct investment fund. alibaba will pull the russian investigations. we will fuld in its marketplace into the new company as well. the alibaba deal was signed on the sidelines of the eastern economic forum. bloomberg's anne-marie spoke to russian direct investment fund ceo about why alibaba chose russia for expansion. >> they already have quite significant business here. it is like several billion dollars a year. in volume it has grown 50% to 70% a year. it is a very fast growing business. russia is a promising market not only for e-commerce but for cloud computing, artificial intelligence, and a partner for somebody like alibaba. >> in a press conference, you were talking about how jack himself was involved in the deal. can you take me through

renesas cut the price target and outlook on a chip cycle slowdown. close potentially high number.mself in the sec crosshairs. panasonic is long about 1.2%. -- panasonic finds itself at about 1.2%. haidi: thank you. sophie checks on the asian reaction to this tesla story. he have a report from te "wall street journal" saying elon musk's lawyers have reached a settlement with the sec, but that was backed down from on thursday. there is a document that says tweeted outshare he was a reference to weed and did that in order to impress his gilrfriendat the time. it goes to these almost extraordinary levels of sscrutiny that go into these tweets. -- scrutiny that go into these tweets. he dates for celebrities, that does not exempt him from these security celebrities, that is not exempt him from security ru les. >> people go a long way to impress their girlfriends. imagine if he is banned from leaving these companies and being a director of any company. it is a pretty heavy price to pay. at the end of the month, he actually unfollowed grimes on twitter. it might be all for nothing. >> the

renesas electronics fell as is considering buying a u.s. chipaker, integrating technology.ng an advisor and companies spy chief to pyongyang ahead of the planned inter-korean summit later this month. let's get to our reporter joining us from soul with the latest. preparations are underway. what can we expect? pretty much when the blue house confirmed that the five special envoys will be visiting the north korean capital yesterday, there were a lot of speculation on whether they would be meeting kim jong-un. that in itself is not confirmed as of now, but there are reports saying the envoys will be delivering a letter personally from moon jae-in to north korean leader kim jong own, but we won't know by the end of their trucks to pyongyang. it will be one of confirmation of the summit -- it's unknown when the third summit will be held. we heard from the former defense secretary weighing on the situation. didn't hold back words on how he felt about the singapore summit we had a couple months ago. what would he like to see by now in these negotiations? >> what he pretty much of