Renesas to acquire Intersil
Renesas Electronics and Intersil have signed a definitive acquisition agreement. The transaction has been unanimously approved by the boards of directors of both companies. Closing of the transaction is expected in the first half of 2017.
The acquisition combines two long-standing industry leaders in their respective segments. Together, Renesas’ and Intersil’s deep expertise across a number of state-of-the-art technologies and end markets will enable the combined company to become a complete solution provider of embedded systems to customers. By combining Renesas’ market-proven microcontroller and system-on-chip products and technologies and Intersil’s leading power management and precision analog capability, Renesas will be well positioned to address some of the most exciting opportunities in key areas such as automotive, industrial, cloud computing, healthcare, and the Internet of Things. Strong product synergy and complementary customer and regional exposure will enable a larger global footprint and increase Renesas to ability to serve customer system requirements. The acquisition is also expected to grow Renesas’ served product lines, particularly for analog devices, where the market is expected to increase.