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Renesas agrees to acquire US chipmaker Integrated Device Technology for USD6.7 billion

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Acquisition, divestment & Spinoff

Japanese company expects the acquisition to expand its presence in the automotive industry

Renesas Electronics has signed a definitive agreement to acquire US-based chipmaker Integrated Device Technology (IDT) for USD6.7 billion, the Japan-based semiconductor company said in a press release today (11 September).

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