# 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.

- Type: Acquisition
- Announced: 2018-09-11
- Where: United States
- Value: $6.70B
- Status: announced
- Products: semiconductor chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Renesas](https://endata.com/companies/34259.md) (acquirer)
- [IDT](https://endata.com/companies/34260.md) (target)

## Sources

- [businesstimes.com.sg](https://www.businesstimes.com.sg/startups-tech/technology/japan-semiconductor-company-renesas-buy-us-firm-idt-us67b), 2018-09-10: "Japanese semiconductor firm Renesas on Tuesday announced a deal to buy California-based IDT in a cash deal valued at US$6.7 billion."

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