# 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.

- Type: Acquisition
- Announced: 2018-08-31
- Where: San Jose, California, United States
- Value: $6.00B
- Status: rumored
- Products: radio frequency chips for 4G/5G mobile networks, datacenters and self-driving cars
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Renesas Electronics Corporation](https://endata.com/companies/19562.md) (acquirer)
- [Integrated Device Technology](https://endata.com/companies/22175.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/article/us-renesas-idt/japans-renesas-electronics-considering-buying-u-s-chip-maker-source-idUSKCN1LG12J/), 2018-08-31: "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."
- [natlawreview.com](https://natlawreview.com/article/upcomingnew-cfius-filing-renesas-electronics-and-integrated-device-technology), 2018-11-19: "Integrated Device Technology, Inc., a Delaware corporation that produces semiconductor devices for communications, computing, and consumer electronic markets, entered into a merger agreement with Renesas Electronics Corporation."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.