Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.

home / news releases / TXN - Auto chip stocks gain after Renesas acquires Dialog for $5.9 billion

TXN - Auto chip stocks gain after Renesas acquires Dialog for $5.9 billion

Texas Instruments Incorporated
Earlier today, Renesas Electronics announced plans to acquire Dialog Semiconductor (DLGNF) for €4.9B ($5.9B) in cash. The purchase boosts Renesas' exposure to low-power technology and connectivity in smart devices, industrials, and the automotive market.Renesas is one of the largest global suppliers of automotive semiconductors and auto chip peers are trading up pre-market after the news: STMicroelectronics (STM) +1.4%, NXP Semiconductors (NXPI) +1.6%, Texas Instruments (TXN) +0.4%. Microchip (MCHP) is flat at the moment but should be on watch today.Deeper dive: Auto chip shortage driving $61B in lost sales faces complicated recovery

For further details see:

Auto chip stocks gain after Renesas acquires Dialog for $5.9 billion
Stock Information
Company Name: Texas Instruments Incorporated
Stock Symbol: TXN
Market: NASDAQ
Menu
TXN TXN Quote TXN Short TXN News TXN Articles TXN Message Board
Get TXN Alerts

News, Short Squeeze, Breakout and More Instantly...