Apple (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.
Chris Hill and Jason Moser have no position in any stocks mentioned. The Motley Fool recommends Apple, Google A Shares, and Netflix and owns shares of Apple, Google, Google A Shares, and Netflix. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.