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▼ Japan’s Renesas Electronics in Talks to Acquire U.S. Semiconductor Maker IDT
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Japanese chipmaker Renesas Electronics Corp. is in talks to acquire U.S. peer Integrated Device Technology Inc. for around $5.5 billion, sources said Friday.
Through the acquisition, Renesas aims to obtain knowledge and skills for the development of semiconductors necessary for automated driving, as California-based IDT is known for its communications chips.
The Japanese company completed a $3.2 billion buyout of U.S. semiconductor maker Intersil Corp. in 2017.
Renesas was launched in 2010 through the merger of Renesas Technology Corp. — a joint venture set up by Hitachi Ltd. and Mitsubishi Electric Corp. — and NEC Electronics Corp.
Through the acquisition, Renesas aims to obtain knowledge and skills for the development of semiconductors necessary for automated driving, as California-based IDT is known for its communications chips.
The Japanese company completed a $3.2 billion buyout of U.S. semiconductor maker Intersil Corp. in 2017.
Renesas was launched in 2010 through the merger of Renesas Technology Corp. — a joint venture set up by Hitachi Ltd. and Mitsubishi Electric Corp. — and NEC Electronics Corp.
- September 1, 2018
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