Japan's Renesas Considers Acquisition of UK Semiconductor Company Dialog

[Image source= Reuters Yonhap News]

[Asia Economy Reporter Park Byung-hee] Japanese semiconductor company Renesas Electronics is reportedly in talks to acquire UK semiconductor design firm Dialog Semiconductor, Bloomberg reported on the 8th (local time).

Renesas stated that it is considering acquiring Dialog at 67.50 euros per share. This is about 20% higher than Dialog's closing price of 56.12 euros on the 5th.

Renesas is known as a supplier of automotive semiconductors. In 2019, it acquired US-based IDT for over 6 billion dollars.

Renesas and Dialog have maintained a collaborative relationship for over a decade, and both companies supply components to Apple. Dialog also announced in August last year that it would collaborate with Renesas on Apple's car platform design.

Dialog, listed on the Frankfurt Stock Exchange in Germany, has seen its stock price rise about 25% since the beginning of this year. Previously, STM Microelectronics also considered acquiring Dialog.

However, market insiders expect that Renesas's acquisition of Dialog may face regulatory scrutiny from UK authorities aiming to protect semiconductors as a strategic industry.

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