• Chipmaker Renesas goes deeper into autonomous vehicles with $6.7B acquisition

    11 days ago - By Tech Crunch

    Japan-based semiconductor firm Renesas - one of the world's largest supplier of chips for the automotive industry - is scooping up U.S. chip company IDT in a $6.7 billion deal that increases its focus on self-driving technology.
    Renesas produces microprocessor and circuits that power devices, and automotive is its core focus. It is second only to NXP on supply, and more than half of its revenue comes from automotive. IDT, meanwhile, includes power management and memory among its products, which focus on wireless networks and the converting and storing of data. Those are two areas that are...
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  • Renesas in $6.7 billion deal for IDT to boost chips for self-driving cars

    11 days ago - By Reuters

    Japan's Renesas Electronics Corp said it had agreed to buy Integrated Device Technology Inc for $6.7 billion, its second major acquisition as it deepens its push into semiconductors for self-driving cars.
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