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How Will Intersil (ISIL) Stock React to Potential $3 Billion Bid From Renesas?

NEW YORK (TheStreet) -- Japanese chip-maker Renesas is in talks to acquire Intersil (ISIL) in a deal valued at $3 billion, according to sources cited by the Wall Street Journal.

Renesas said in a statement on Monday that the company is "considering various options for growth," including a possible deal with Intersil.

Milpitas, CA-based Intersil is a semiconductor company with customers in the automotive and aerospace industries.

A deal between the two companies would strengthen Renesas' business of producing semiconductor parts...