Ron Burgundy Posted September 13, 2016 Share Posted September 13, 2016 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 bailed it out after the Fukushima earthquake five years ago. "It was a competitive bid and we settled at a price almost at the maximum limit," Renesas CEO Bunsei Kure told a briefing for reporters and analysts in Tokyo. View the full article Quote Link to comment Share on other sites More sharing options...
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