$16.3 billion– a 16% premium– for driverless computer chips

Via Reuters: Japan’s Renesas Electronics Corp has agreed to buy Integrated Device Technology Inc for $6.7 billion, as it deepens its push into semiconductors for self-driving cars. Renesas has been keen to get its hands on IDT’s know-how in analog semiconductors for wireless networks and sensors — expertise crucial to develop autonomous driving and connected car technology. Flowing into the […]

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