Renesas considering buying U.S. chipmaker IDT for up to $6B

Renesas Electronics Corp is considering buying U.S. chipmaker Integrated Device Technology Inc (IDT) to strengthen its business in chips for self-driving cars. The deal could be worth as much as $6 billion.

“Renesas Electronics Corp is considering buying U.S. chipmaker Integrated Device Technology Inc, the Japanese automotive chipmaker said on Friday, as it beefs up its business in chips for self-driving cars and seeks new growth areas.”reuters.com

• 2 sources
• reuters.comJapan's Renesas says considering buying U.S. chipmaker IDTAug 31, 2018
• natlawreview.comIntegrated Device Inc. Enters Merger Agreement w/Japanese SupplieBio, ArticlesNov 19, 2018

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