Allegro MicroSystems (ALGM.O), a semiconductor solutions provider, has rejected a $6.9 billion takeover offer from Onsemi (ON.O), deeming the proposal “inadequate.” Onsemi’s offer of $35.10 per...
Etiket: Automotive Chips
Renesas to Cut Less Than 5% of Global Workforce Amid Sluggish Chip Demand
Renesas Electronics, a Japanese chipmaker specializing in automotive semiconductors, has announced plans to reduce its global workforce by less than 5%, which translates to fewer than...
Bosch and Tenstorrent Forge Partnership to Standardize Automotive Chip Development
German industrial powerhouse Bosch is joining forces with U.S. chip startup Tenstorrent to spearhead an initiative aimed at standardizing the building blocks of automotive chips. This...