Renesas-Intersil: Putting Down Chips for Automotive Jackpot – Wall Street Journal

A one-time supplier of chips to Apple iPhones looks to be paving the road to supply the likes of Apple’s cars. Getting bigger may be the only way to get there.

Japanese chip maker Renesas Electronics is in talks to buy U.S. peer Intersil for $3 billion, according to The Wall Street Journal. Originally formed from a combination of semiconductor units of NEC, Mitsubishi Electric and Hitachi, Renesas had a near-death experience after…