Apple's Next Billion-Dollar Bet

Apple is in talks to buy this chip maker for $1 billion, pocket change when you're Apple.

Chris Hill
Chris Hill
Apr 2, 2014 at 8:30PM
Technology and Telecom

AppleĀ (NASDAQ:AAPL) is in talks to buy Japanese chipmaker Renesas Electronics in a deal worth $1 billion, which, if you're Apple, counts as a small bet for the cash-generating smartphone giant.

In this segment from Wednesday's Investor Beat, host Chris Hill and Motley Fool analyst Jason Moser discuss the move from Apple and why it seems like a smart bet to make the company a little more vertically integrated, as it continues to transition into the next stage in its corporate life cycle, and away from being a growth company.