Tuesday, September 13, 2016

Intersil Acquired By Renesas For $3.2 Billion

Milpitas-based power and analog chip maker Intersil is being acquired by Japanese semiconductor maker Renesas Electronics, in a deal that has an equity value of approximately $3.2 billion, the two said late Monday evening. Renesas said it would pay $22.50 per share in cahs for publicly held Intersil. Renesas said the buy would help bolster its position in the automotive, industrial, cloud computing, healthcare, and the Internet of Things (IoT) areas.