Renesas pays $6.7 billion for IDT

Renesas is to buy IDT for $6.7 billion. “This acquisition will bring us complementary, market-leading analogue mixed-signal assets and an incredibly talented group of professionals to help us boost our embedded solution capabilities,” says Renesas CEO Bunsei Kure (pictured),  “IDT’s products combined with our MCUs, SoCs and power management ICs will enable Renesas to widen ...

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