Categories
Contact Us
Quanzhou Neway Industrial Limited
Add:6th Floor 3# Building, No. C-3 Xunmei Industrial Area Fengze, Quanzhou Fujian 362000 China
Tel:+86-595-22519926
Fax:+86-595-22519925
Mobile:+8613159026097
E-mail:fb@newayil.com
News
Home > News > Content
Renesas Electronics Acquires IDT To Strengthen Global Leadership In Embedded Solutions
Sep 11, 2018

September 11, 2018:

Renesas Electronics Corporation (TSE:6723), a leading global semiconductor solutions provider, and Integrated Device Technology, Inc., a leading supplier of analog mixed-signal products including sensors, interconnects and wireless power supplies (" IDT", NASDAQ: IDTI) announced today that the two parties have signed a definitive agreement. According to the agreement, Renesas Electronics will have a total equity value of approximately US$6.7 billion at a price of US$49.00 per share (approximately US$110 for US$1, total approximately 733 million yen) Acquisition of IDT in a full cash transaction. The acquisition is an integration of two industry leaders, embedded processors and analog mixed-signal semiconductors, which optimize the performance and efficiency of high-performance computing electronic systems through their respective strengths. The transaction has been unanimously approved by both boards. The transaction is expected to be completed in the first half of 2019 after approval by IDT shareholders and relevant regulatory authorities. Renesas Electronics' acquisition of IDT will further accelerate Renesas' electronic growth strategy, bringing huge strategic and economic benefits, including:

1. Complementary products expand the supply of Renesas Electronics solutions

2. Increase business growth opportunities

3. Accelerate management and operational globalization

4. Increase significant economic benefits

  • Newsletter
  • Categories
  • Contact Us
    Quanzhou Neway Industrial Limited
    Add:6th Floor 3# Building, No. C-3 Xunmei Industrial Area Fengze, Quanzhou Fujian 362000 China
    Tel:+86-595-22519926
    Fax:+86-595-22519925
    Mobile:+8613159026097
    E-mail:fb@newayil.com
  • QR Code
  • Copyright © Quanzhou Neway Industrial Limited All Rights Reserved Design:tuiba