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Japanese chip company Renesas Electronics is in talks to acquire U.S. chipmaker Maxim Integrated Products in a deal that could be valued up to $20 billion, CNBC reported on Monday.
A deal is not imminent and one may not happen, CNBC said.
Neither company was immediately available for comment when contacted by Reuters.
Maxim's shares ended 12.3 percent higher at $66.27 on the Nasdaq on Monday following the report.