IDT Integrated Device Technology – Active Components
IDT – Integrated Device Technology, Inc. delivers system-level innovations that optimize customers’ applications and enrich the end-user experience. IDT continues to build on its No. 1 positions in timing, serial switching and memory interfaces to expand its mixed-signal content in Communications, Computing and Consumer applications, driven by three major market drivers including cloud computing, consumer mobility and 4G/LTE. The company’s product portfolio has become a fusion of analog and system expertise as well as traditional digital competencies, providing customers with complete application-optimized mixed-signal solutions. The IDT 30+ year heritage and innovation in digital technologies, coupled with its in-house analog talents and capabilities, make IDT the premier analog and digital company.
Renesas Electronics will acquire Integrated Device Technology (IDT) for $49 per share in an all-cash deal, representing approximately $6.7 billion in equity value. The share price is approximately 16 percent above IDT’s closing price on Monday, September 10, 2018. The closing of the transaction is expected to occur in the first half of 2019, following approvals by IDT shareholders and the relevant regulatory authorities.
Acquiring IDT will expand Renesas’ advanced microcontroller (MCU), system on chip (SoC) and power management ICs, supporting Renesas’ strategy to become a leading embedded solutions provider. IDT will add analog mixed-signal capabilities in RF, advanced timing, memory interface, power management, optical interconnect, smart sensors — and a leading market position in wireless power. Renesas seeks to offer comprehensive semiconductor solutions, including sensors, analog front-ends, processors and interfaces.