Instant Alert: Japan's Renesas is in talks to buy U.S. chipmaker Maxim for $20 billion

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Japan's Renesas is in talks to buy U.S. chipmaker Maxim for $20 billion

by on Jan 29, 2018, 7:52 PM

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Japanese chip company Renesas Electronics is in talks to acquire U.S. chipmaker Maxim Integrated Products in a deal that could be valued up to $20 billion, CNBC reported on Monday.

A deal is not imminent and one may not happen, CNBC said. 

Neither company was immediately available for comment when contacted by Reuters.

Maxim's shares ended 12.3 percent higher at $66.27 on the Nasdaq on Monday following the report.

 

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