comment on this article

Renesas announces $3.2bn deal to acquire Intersil

Renesas Electronics has announced that it is acquiring power management and precision analogue solutions provider, Intersil, in a deal worth $3.2billion. The deal has been universally approved by the boards of directors of both companies and is expected to be completed early in 2017.

The move is the latest in a long line of acquisitions and mergers taking place within the electronics industry and will bring together two companies with expertise across a number of state-of-the-art technologies and end markets.

According to both companies the new entity will be a ‘complete solutions provider of embedded systems’, combining Renesas’ microcontroller (MCU) and system-on-chip (SoC) products and technologies with Intersil’s power management and precision analogue capabilities and will position the company to address opportunities in key areas such as automotive, industrial, cloud computing, healthcare, and the Internet of Things (IoT).

Renesas said that the deal would generate cost savings and boost long terms revenue by over $170million, helped by strong product synergy and complementary customer and regional exposure delivering a much larger global footprint.

The acquisition is expected to grow Renesas’ served product lines, particularly for analogue devices, where the market is expected to increase by approximately US$3.9 billion by 2020.

“Renesas is accelerating its focus of resources in automotive, industrial, infrastructure, and the rapidly growing IoT segments to aggressively grow its global business. Intersil’s extensive portfolio of analogue and power devices as well as its strength in these markets, complement many of Renesas’ initiatives in these areas,” said Bunsei Kure, Representative Director, President and CEO of Renesas Electronics Corporation. “We believe that this combination will bring significant synergies and cross selling opportunities.”

Necip Sayiner, President, CEO and Director of Intersil agreed. “We see great potential in combining the Intersil and Renesas portfolios and gaining the scale that will provide a platform for accelerated growth.”

Neil Tyler

Comment on this article

This material is protected by MA Business copyright See Terms and Conditions. One-off usage is permitted but bulk copying is not. For multiple copies contact the sales team.

What you think about this article:

Add your comments


Your comments/feedback may be edited prior to publishing. Not all entries will be published.
Please view our Terms and Conditions before leaving a comment.

Related Articles

You've got the power

By 2030, over 50% of car production will be electric. Jaguar recently announced ...

E-mobility challenges

Mobility is undergoing an unprecedented transformation and those developments ...

Get to market faster

A quick look at using Vicor's PFM and AIM in VIA packaging for your AC to Point ...

World IoT Day

ByteSnap Design, a specialist in embedded systems design and development, has ...

IoT Everywhere

Mohamed Awad, VP of Arm’s IoT Business, discusses Arm’s vision for its IoT ...

New possibilities

With the recent investment in the business by DBAG congatec is poised for ...