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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 ...