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Renesas to Buy IDT, Expand Product Portfolio
28 days ago | By Anand Tech
Renesas this month has announced plans to acquire IDT, making the move as part of a larger bid to expand its product portfolio with IDT's analog mixed-signal capabilities. The takeover will enable Renesas to strenghten its positions in the automotive applications market while also entering brand new markets from where it traditionally has been absent. The transaction has been approved by boards of directors of both companies and is expected to be completed within the first half of 2019, following approval by shareholders and regulators.
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