Renesas mulling IDT acquisition
Renesas has said the two companies will meet this week and that Renesas plans to discuss an offer of about $6 billion.
Renesas has made a number of acquisitions in recent years but this would likely be an attempt to reduce its dependence on the automotive market and improve its position in areas such as industrial, healthcare, and communications.
Renesas reportedly said in a statement that a deal with IDT was one option under consideration.
In 2017 Renesas paid about $3.2 billion for Intersil Corp., a maker of battery and charging control ICs (see Renesas agrees to pay $3.2 billion for Intersil).
Related articles:
Renesas denies it is in talks to acquire Maxim
Renesas agrees to pay $3.2 billion for Intersil
IDT, Steradian form mmWave partnership
If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :
