Renesas acquires IDT for $6.7 billion, with autonomous vehicles in mind
Japanese semiconductor solutions provider Renesas has agreed to buy California-based Integrated Device Technology (IDT) for $6.7 billion. The move will leave the company well placed to provide a wide range of products that will be essential to self-driving vehicles. Renesas is a leading provider of embedded processors, while IDT specialises in sensors, connectivity, and wireless…