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JP Business

Renesas in $6.7 billion deal for IDT to boost chips for self-driving cars

Japan's Renesas Electronics Corp said it had agreed to buy Integrated Device Technology Inc (IDT) for $6.7 billion, its second major acquisition as it deepens its push into semiconductors for self-driving cars. As Thuy Ong reports, the deal for the U.S. chip design firm underscores fierce competition between global chipmakers as they seek to boost their product line-ups and market share in the highly lucrative field of automotive chips.

JP Business

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