Renesas Acquires Integrated Device Technology

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Renesas Acquires Integrated Device Technology

Renesas Electronics Corporation, the Tokyo-Based supplier of advanced semiconductor solutions just announced the acquisition of US-supplier of analog mixed-signal products including sensors, connectivity and wireless power Integrated Device Technology (IDC). The companies announced a definitive agreement about an all-cash transaction representing an equity value of approximately US $ 6.7 billion. The closing of the transaction is expected to occur in the first half of 2019, following approvals by IDT shareholders and the relevant regulatory authorities.
Since 2016, Renesas has been executing a strategy to become a global leading embedded solution provider. As part of this initiative, Renesas is working to expand its analog solution lineup and to strengthen its kit solution offerings that combine its microcontrollers, system-on-chips and analog products. The new acquisition will provide Renesas with access to an array of analog mixed-signal capabilities in embedded systems, among them:

  • RF
  • advanced timing
  • memory interface & power management
  • optical interconnection
  • wireless power
  • smart sensors

IDT’s analog mixed-signal products for data sensing, storage and interconnecting are key devices that support the growth of data economy. Acquisition of these products enables Renesas to extend its reach to fast-growing data economy-related applications including data center and communication infrastructure, and to strengthen its presence in the industrial and automotive segments.

This acquisition will bring us complementary, market-leading analog mixed-signal assets and an incredibly talented group of professionals to help us boost our embedded solution capabilities,

said Bunsei Kure, Representative Director, President and CEO of Renesas.

IDT’s products combined with our MCUs, SoCs and power management ICs will enable Renesas to widen its product offerings as well as to expand its reach into areas such as the growing data economy-related space.

The combination of Integrated Device Technology’s analog mixed-signal leadership with Renesas’ world-leading microcontroller and automotive/industrial franchise creates a new global powerhouse,

said Gregory L. Waters, President and CEO of IDT.

The Combined company will possess the key capabilities that customers in the modern data economy.

Author: Tim Cole
Image Credit: Renesas

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