# Renesas to acquire IDT for $6.7 billion

Renesas Electronics has signed a definitive agreement to acquire Integrated Device Technology (IDT) for $49.00 per share in cash, representing an equity value of approximately $6.7 billion. The acquisition combines Renesas' embedded processors with IDT's analog mixed-signal products.

- Type: Acquisition
- Announced: 2018-09-11
- Where: Tokyo, Japan, Japan
- Value: $6.70B
- Status: announced
- Products: embedded processors, analog mixed-signal semiconductors, sensors, connectivity, wireless power
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

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

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/703361/000119312518270257/d617056dex991.htm), 2018-09-11: "The acquisition combines two recognized leaders in embedded processors and analog mixed-signal semiconductors, each with unique strengths in delivering products to improve performance and efficiency in high-computing electronic systems."
- [phys.org](https://phys.org/news/2018-09-japan-semiconductor-company-renesas-firm.html), 2018-09-11: "The deal with IDT should strengthen its presence in the industrial and automotive segments."
- [oiger.de](https://oiger.de/2018/09/11/nun-offiziell-renesas-kauft-idt/169296), 2018-09-11: "Nun ist der Deal offiziell: Der japanische Halbleiterkonzern Renesas hat angekündigt, das US-amerikanische Halbleiter-Unternehmen 'Integrated Device Technology' (IDT) für 6,7 Milliarden Dollar zu übernehmen."
- [reuters.com](https://www.reuters.com/article/business/japans-renesas-to-buy-us-chipmaker-idt-for-67-billion-idUSKCN1LR02U/), 2018-09-11: "The deal allows Renesas, second only to NXP Semiconductors NV in chips used in cars, to bring on board IDT's know-how in chips for wireless networks and data storage which are crucial for self-driving cars."

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