PALO ALTO, U.S. -- In buying U.S.-based Integrated Device Technology for $6.7 billion, Renesas Electronics envisioned partnerships in fields that could produce synergies through complementary technologies, such as connected cars and wireless charging, the companies' chiefs told Nikkei on Thursday.
The speed with which the companies agreed to the acquisition -- after just three months of talks starting in June -- can be attributed to Renesas' clear vision for a combined entity, IDT CEO Gregory Waters said in an interview at his company's San Jose headquarters. He was joined by Renesas CEO Bunsei Kure.
