# Renesas Electronics to acquire Integrated Device Technology for $6.7bn

Renesas Electronics agreed to acquire Integrated Device Technology (IDT) for $6.7bn in cash, at $49 per share, to strengthen its semiconductor portfolio for self-driving vehicles and IoT. The deal was expected to close in the first half of 2019.

- Type: Acquisition
- Announced: 2020-05-16
- Value: $6.70B
- Status: announced
- Products: semiconductors for self-driving vehicles, chips for wireless networks
- 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

- [manufacturingdigital.com](https://manufacturingdigital.com/technology/renesas-announces-dollar67bn-purchase-idt-increase-chips-self-driving-cars), 2020-05-16: "We were weak in chips for wireless networks needed for the Internet of things and connected cars. We’ve been wanting to get such assets."

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