Renesas to acquire IDT for $6.7B

Japanese semiconductor firm Renesas announced a deal to buy California-based IDT for $6.7 billion in cash, expected to close in the first half of 2019, to strengthen its presence in industrial and automotive segments.

“Japanese semiconductor firm Renesas on Tuesday announced a deal to buy California-based IDT in a cash deal valued at US$6.7 billion.”businesstimes.com.sg

• 1 source
• businesstimes.com.sgJapan semiconductor company Renesas to buy US firm IDT for US$6.7b - The Business TimesSep 10, 2018

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