TOKYO -- Japanese semiconductor manufacturer Renesas Electronics wants to acquire U.S.-based Integrated Device Technology in a deal that could total well over $6 billion, hoping to expand its global footprint in automotive chips.
The companies are in the final stages of talks and are to meet at the beginning of next week. The prospects for striking an agreement remain unclear, but Renesas is expected to make a tender offer for all of IDT's shares at a premium.
