Renesas to buy US chipmaker
NHK -- Sep 12
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.

News source: NHK
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