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Japan's Renesas Electronics considering buying U.S. chip maker - source

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Reuters TOKYO
TOKYO (Reuters) - Japanese automotive chipmaker Renesas Electronics Corp is considering buying U.S. chipmaker Integrated Device Technology Inc, a person familiar with the matter said on Friday.
The potential acquisition, first reported by the Nikkei business daily, comes as Renesas is beefing up its business in chips for self-driving cars.
The Nikkei reported that the deal would be worth as much as $6 billion, becoming one of the largest acquisitions for a Japanese chipmaker.
Renesas declined to provide immediate comment when contacted by Reuters.
(Reporting by Makiko Yamazaki; Editing by Christopher Cushing)

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First Published: Aug 31 2018 | 3:26 PM IST

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