Renesas Electronics Corporation, a supplier of advanced semiconductor solutions, has acquired Intersil Corporation, a provider of power management and analog solutions.
“I am excited to welcome the Intersil employees into the Renesas Group and look forward to building a robust organization that will bring the capabilities of both companies to bear to pro-actively address changing market dynamics and customer needs,” said Bunsei Kure, representative director, president and CEO of Renesas Electronics Corporation.
“With the close of this acquisition, Renesas has transformed into an industry powerhouse with one of the most comprehensive set of advanced embedded solutions. We believe that this compelling and complementary combination will enable significant synergies and cross-selling opportunities and contribute to creating superior value for our customers and stakeholders.”
Renesas will focus its efforts on achieving a smooth integration of the two companies and intends to continue technical support and future product development for Intersil’s industry-leading power management and precision analog solutions.
Renesas also plans to continue operations at Intersil’s production facility in Palm Bay, Florida, and Intersil’s home office in Milpitas, California, as well as the design centers and sales and support organizations that serve Intersil customers globally.
March 6, 2017