Renesas to buy US chipmaker Intersil for $3.2 bn
Japanese semiconductor manufacturer Renesas Electronics has agreed to buy US chipmaker Intersil for $3.2 billion, a statement on Tuesday read. The Tokyo-based company said it would pay for the purchase with cash and expects to complete the deal in the first half of 2017. Renesas is seeking to expand as a provider of automobile chips amid cars adding self-driving capabilities.