No, the Toshiba chip company was not acquired by Renesas
Toshiba Corporation is a Japanese multinational corporation. A relatively large monopoly in Japan's mechanical and electrical industry. It was founded in 1875 as Tanaka Production House. In 1893, it was renamed Tokyo Shippura Production House. In 1934, it merged with Tokyo Electric Company and became known as Tokyo Shibaura Electric Company. It is headquartered in Tokyo. Toshiba has close ties to General Electric of the United States.