Renesas conspired to sell the US chip unit for military use, valued at $1 billion
According to Ji Weibo, according to Bloomberg on August 18, Renesas is secretly considering selling a US chip division for military use, which could sell for as much as $1 billion.
Renesas is working with a financial adviser because the matter is private and asked not to be named, according to people familiar with the matter. The sale is attracting interest from some American chip companies. However, negotiations are too early, and Renesas's plans are still likely to change.
The chips made by this department can withstand the effects of radiation, which is called "rad hard" in industry slang. Renesas acquired the business when it acquired Intersil in 2017 and advertised that the portfolio was intended for use in space and other harsh environmental applications.
