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Renesas to buy Intersil for $3.2 bil. www3.nhk.or.jp
A leading Japanese chipmaker, Renesas Electronics, says it will take over smaller US semiconductor maker Intersil for 3.2 billion dollars.
Renesas announced the deal with the California-based manufacturer on Tuesday, saying it expects to complete the purchase by next June.
Intersil produces chips that process inputs such as temperature and sound data into digital signals. It also makes semiconductors used to manage motors and electricity.
These products are expected to play key roles in self-driving vehicles, an area in which Renesas hopes to boost its business.
Company officials also say they hope to increase sales in China using Intersil's sales network.
Published Date:2016-09-14
