TOKYO—Japanese chip maker Renesas Electronics Corp. said Friday that it was in the late stages of negotiations to acquire California-based Integrated Device Technology Inc., seeking to strengthen its position as a major provider of autonomous-driving components.
The acquisition, if completed, would be for about $6 billion, a person with direct knowledge of the matter said. He said the deal was one of several options being reviewed by the Tokyo-based company and isn’t final.
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