United Airlines Flight to Tokyo Returns to Dulles After Engine Failure During Takeoff 
Azul Airlines Wins Court Approval for $2 Billion Debt Restructuring and New Capital Raise 
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures 
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges 
HSBC’s $13.6 Billion Take-Private Offer for Hang Seng Bank Gains Board Backing 
United Airlines Tokyo-Bound Flight Returns to Dulles After Engine Failure 
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership 
SUPERFORTUNE Launches AI-Powered Mobile App, Expanding Beyond Web3 Into $392 Billion Metaphysics Market 
Coca-Cola’s Costa Coffee Sale Faces Uncertainty as Talks With TDR Capital Hit Snag 
Woolworths Faces Fresh Class Action Over Alleged Underpayments, Shares Slide 
Shell M&A Chief Exits After BP Takeover Proposal Rejected 
SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles 
California Jury Awards $40 Million in Johnson & Johnson Talc Cancer Lawsuit 
Nomura Expands Alternative Assets Strategy With Focus on Private Debt Acquisitions 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
Trump Sues BBC for Defamation Over Edited Capitol Riot Speech Clip 
Strategy Retains Nasdaq 100 Spot Amid Growing Scrutiny of Bitcoin Treasury Model 
Dialog Semiconductor Plc just confirmed the reports that it is in talks with Renesas Electronics corp for a possible sales deal. It was said that the latter might acquire Apple’s chip supplier for $6 billion if the talks go smoothly and terms are met.
The acquisition deal is not yet final
Reuters reported that the ongoing talks between Dialog and Renesas are already in the advanced stage, but specific details about it are still not available as of this time. The chip designer just revealed about acquisition talks on Sunday.
It was said that Dialog will release more details when there is a need to. The company clarified that while the talks are in progress, it is still not certain if any company will present a solid offer that may seal a deal.
Renesas also released a statement via the Tokyo Stock Exchange and affirmed it is considering the purchase of Dialog. Based on regulations, if it really has plans to go on with the acquisition, the Japanese semiconductor manufacturer must disclose its intention to buy the American chipmaker by March 7.
Renesas and Dialog’s collaboration
The two semiconductor companies actually collaborated before the talks of the acquisition surfaced. As mentioned on Bloomberg, both sides agreed to further extend their partnership last year.
“The expanded collaboration between Dialog and Renesas enables the leading automotive Tier-1 suppliers to deliver differentiated, reliable, high-performance and cost-effective electronic systems based on the industry-leading R-Car platforms,” Tom Sandoval, Dialog’s senior vice president of automotive business division, said via press release at that time. “As processing power demands and platform-specific requirements continue to increase across automotive systems, our collaboration with Renesas delivers significant benefits to our joint customers.”
Now their partnership has progressed to something more, and there is a possibility of an acquisition. In any case, it was said that Dialog Semiconductor is also having talks with was STMicroelectronics NV before it was outbid.
Meanwhile, shares of Dialog Semiconductor shoots up by about 25% since the beginning of this year. The increase was attributed to the strong demand for Apple’s 5G smartphones since the company is its main chip supplier. The speculations about a takeover are also said to be another reason for the boost.
