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Renesas will spend $6 billion to acquire IDT

Reuters news, Renesas Electronics" target="_blank">Electronics, Japans largest semiconductor manufacturer, is negotiating acquisitions with the US chip IDT factory. It is now in its final stage and is expected to meet again this week. The news said the transaction may be worth up to $6 billion. The deal is reached, which will be one of the largest M&A deals by Japanese chip makers.
Renesas Electronics is one of the world‘s top ten semiconductor chip suppliers. It is the leading automotive semiconductor supplier in the industry. It was formed by the merger of Renesas Technology (from Hitachi and Mitsubishi) and NEC Electronics. Become the world’s third largest semiconductor company, second only to Intel and Samsung. After the acquisition of INTERSIL last year, the company achieved the highest market share in the world in many fields such as mobile communications, automotive electronics and PC/AV.
Founded in the United States in 1980, IDT has more than 30 years of experience in the design, manufacture, sales and promotion of integrated circuits. It has many advantageous integrated circuits and solutions in the analog and digital fields, as well as RF, smart sensors. Wireless power supply and other aspects have a leading edge. IDT chips are mostly used in data centers and communication equipment. In recent years, IDT chips have also been cut into car stores. This is the main reason for Renesas Electronics to acquire IDT. The purpose is to rely on IDT’s skills in self-driving chips. A smart share of the smart driving field.
Founded in the United States in 1980, IDT has more than 30 years of experience in the design, manufacture, sales and promotion of integrated circuits. It has many advantageous integrated circuits and solutions in the analog and digital fields, as well as RF, smart sensors. Wireless power supply and other aspects have a leading edge. IDT chips are mostly used in data centers and communication equipment. In recent years, IDT chips have also been cut into car stores. This is the main reason for Renesas Electronics to acquire IDT. The purpose is to rely on IDT’s skills in self-driving chips. A smart share of the smart driving field.