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Japan’s Renesas pushes into autos with $3.2 billion Intersil buy

September 13, 2016 by · Leave a Comment 

By Makiko Yamazaki TOKYO (Reuters) – Renesas Electronics Corp on Tuesday said it has agreed to buy U.S. chipmaker Intersil Corp for $3.2 billion, an all-cash deal that bolsters the Japanese group's efforts to refocus the company around automotive chips. Renesas, created from the semiconductor units of several Japanese companies, has amassed a significant war chest since a state fund and key clients …

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Japan’s Renesas pushes into autos with $3.2 billion Intersil buy