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

Renesas Electronics has agreed to buy US chipmaker Integrated Device Technology (IDT) for $6.7 billion, marking its second major push into semiconductors for self-driving cars.

- Type: Acquisition
- Announced: 2024-10-01
- Where: United States
- Value: $6.70B
- Status: announced
- Products: analog chips, microcontrollers for 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

- [thehustle.co](https://thehustle.co/renesas-idt-computer-chip-market), 2024-10-01: "Japan’s Renesas Electronics has agreed to buy US chipmaker Integrated Device Technology (IDT) for $6.7B."

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