NEWSWORTHY

Business / Corporate Dec 17, 2018

Hitachi to acquire Swiss firm ABB's power grid business

Hitachi Ltd. said Monday it has reached a deal to purchase the power grid business of Swiss engineering group ABB Ltd., initially investing $6.4 billion for an 80.1 percent stake before a complete takeover in the future. The deal, Hitachi's biggest-ever acquisition, would strengthen the ...

Japan's Renesas to buy U.S. chipmaker IDT for $6.7 billion

Business / Corporate Sep 11, 2018

Japan's Renesas to buy U.S. chipmaker IDT for $6.7 billion

Chipmaker Renesas Electronics Corp. said Tuesday it has agreed to buy U.S. peer Integrated Device Technology Inc. for about $6.7 billion (¥747 billion), aiming to boost its expertise in self-driving car technologies. The deal allows Renesas, second only to NXP Semiconductors NV in chips used ...