Society | Sep 12

Renesas to buy US chipmaker

Japanese chipmaker Renesas Electronics has announced it's going to buy the US company Integrated Device Technology.

Renesas hopes to boost its expertise in data-processing and self-driving car technologies.

Renesas officials say the company has agreed to pay more than 6.5 billion dollars for the purchase, the largest ever for a Japanese semiconductor maker. IDT boasts strength in designing and developing chips for communications.

The acquisition comes at a time when competitors in the global semiconductor industry are realigning themselves across national borders in the face of increased competition.


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