June 10 Touchscreen chipmaker Synaptics Inc
said it agreed to buy Japanese display chipmaker
Renesas SP Drivers Inc for $475 million to expand its product
Synaptics said the deal is expected to close in the fourth
quarter and immediately add to adjusted profit.
Synaptics raised its fourth-quarter revenue forecast to
$300-$310 million from $275-$295 million and said it expects
full-year 2014 revenue to grow 41-42 percent due to
better-than-expected sales of mobile and PC products.
(Reporting by Soham Chatterjee; Editing by Savio D'Souza)