Trading leveraged product involves significant risk of loss. 21.57% of retail investor accounts generate profits when trading leveraged products with this provider

Article Hero

Dialog Semiconductor bought by Renesas Electronics

1612786785.png
Miguel A. Rodriguez
Miguel A. Rodriguez
09 February 2021
A new significant deal took place in the semiconductor industry

The week starts with a deal in the tech sector, between the Japanese Renesas Electronics Corp, one of the largest suppliers of semiconductors used in cars, and the UK-based Dialog Semiconductor Plc.

According to the agreed terms, Dialog will be bought by Renesas for $5.9 billion in an all-cash transaction.

For both, the acquisition seemed to be the next natural step, as they worked together for the past decade. In 2020, Dialog announced that is working along with the Japan-based company on car computing platforms. Moreover, both are a supplier to Apple.

Dialog stock price went up 17% after the news, while Renesas dropped 6.9% during the Tokyo trading hours.

Source: Bloomberg.com

The information presented herein is prepared by capex.com/ae and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only.Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience, or current financial situation. 

Key Way Markets Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.

Share this article

How did you find this article?

Awful
Ok
Great
Awesome

Read More

Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.