Mitsubishi Electric Corp (6503.T)
21 Sep 2018
* Shares slide 9.3 pct on worries about dilution and firm's future
TOKYO Japan's Renesas Electronics Corp said it had agreed to buy Integrated Device Technology Inc (IDT) for $6.7 billion, its second major acquisition as it deepens its push into semiconductors for self-driving cars. | Video
* Second major analog chip deal after paying $3.2 bln for Intersil
TOKYO Renesas Electronics Corp is considering buying U.S. chipmaker Integrated Device Technology Inc, the Japanese automotive chipmaker said on Friday, as it beefs up its business in chips for self-driving cars and seeks new growth areas.
* Renesas is beefing up business in chips for self-driving cars
TOKYO Renesas Electronics Corp said on Tuesday a state-backed fund and other shareholders would reduce their stakes in the Japanese chip maker, in a sale worth up to 295 billion yen ($2.8 billion) based on the prior day's closing price.
* Sale aimed at giving Renesas management greater freedom -NHK