By Takashi Mochizuki
TOKYO — Japanese chip maker Renesas Electronics Corp. on Monday said it is in talks to buy U.S.-based chip maker Intersil Corp. , a move that could strengthen the Japanese company’s business of making semiconductor components for cars.
“We are considering various options for growth including” a possible deal with the U.S. company, Renesas said in a statement.
According to a person familiar with the discussions, the deal, if reached, would be valued at around 300 billion yen ($3 billion).
The possible takeover, which was reported earlier Monday by the Japanese business daily Nikkei, would represent a step by Renesas /zigman2/quotes/203872935/delayed JP:6723 -4.66% to stay ahead in an industry that has seen considerable recent consolidation.