Renesas takes chipmaker Intersil about for 3.2 billion dollars

Sep

13

2016

The Japanese chipmaker Renesas has signed a deal to take over the US chipmaker Intersil. With the acquisition, an amount of $ 3.2 billion involved, converted about 2.8 billion euros. Unfortunately approval of regulators and shareholders required.

Renesas logo fpa The acquisition should be completed in the first half of 2017, so writes Bloomberg. With the acquisition Renesas will initially continue to focus on making car components. The company has removed all jobs in the past and factories closed to facilitate this transition, according to the news agency. According to Renesas himself acquisition is also an opportunity to concentrate next car components on the internet-of-things.

The Japanese company in 2010 formed by the merger of NEC Electronics and Renesas Technology, a joint venture of Hitachi and Mitsubishi. For Renesas is that 75 percent of the revenue comes from the sale of chips. Clients include Toyota, Nissan and Ford. 2014 was the company just not in the top ten chip vendors worldwide.

The Californian Intersil focuses on energy management, among other chips that control the tension in hybrid and electric cars. The revenue comes from Intersil Analog Devices for 89 percent.

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