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Renesas Electronics Corp has agreed to buy Dialog Semiconductor for 4.9 billion euros ($5.9 billion) in cash, boosting its position in low-power technology and connectivity across smart devices, cars and industry.
Apple Renesas, one of the world's largest auto chip makers, is buying Apple supplier Dialog for $5.9 billion. Renesas said it would issue up to $2.6 billion in new shares to help fund the deal. Dialog shares traded 16% higher in Frankfurt on Monday. Renesas fell as much as 6.9%. Japanese chipmaker Renesas Electronics Corp has agreed to buy Dialog Semiconductor, an Apple supplier, for 4.9 billion euros ($5.9 billion) in cash. Renesas, one of the world's biggest auto chip makers, has offered 67.50 euros a share for Dialog, representing a 20% premium to Friday's clo...
Renesas Electronics is in advanced talks to buy European chip maker Dialog Semiconductor in a $6bn deal
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Operator Ladies and gentlemen, thank you for standing by, and welcome to the Power Integrations Fourth Quarter Earnings Call. [Operator Instructions] I would now like to hand the conference over to your speaker today, Joe Shiffler, Director of Investor Relations. Thank you. Please go ahead. Joe Shiffler -- Director, Investor Relations and Corporate Communications Thank you, Mike. Good afternoon, everyone. Thanks for joining us. With me on the call today are Balu Balakrishnan, President and CEO of Power Integrations; and Sandeep Nayyar, our Chief Financial Officer. During this call, we will r...