Japanese chipmaker Renesas denies news of talks to buy US competitor Maxim, whose shares surged as much as 27% on report (Jillian Ward/Bloomberg)

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Jillian Ward / Bloomberg:
Japanese chipmaker Renesas denies news of talks to buy US competitor Maxim, whose shares surged as much as 27% on report  —  Japan's Renesas Electronics Corp. denied a report that it's in talks to acquire Maxim Integrated Products Inc., throwing cold water on a report that said the deal could be worth as much as $20 billion.