Intersil Officialy Became a Subsidiary of Renesas

  Enquiry / contact me

The transaction brings together the advanced technology and deep end-market expertise of the two companies

Intersil Officialy Became a Subsidiary of Renesas
Intersil Officialy Became a Subsidiary of Renesas

Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, and Intersil Corporation, a leading provider of innovative power management and precision analog solutions, has announced the completion of Renesas’ acquisition of Intersil Corporation. The transaction brings together the advanced technology and deep end-market expertise of the two companies, and solidifies Renesas’ position as a leading global supplier delivering advanced embedded systems to customers.

A robust organization

“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 proactively 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.” In connection with the closing of the transaction today, Intersil becomes a wholly-owned subsidiary of Renesas. Dr. Necip Sayiner joined Renesas’ executive team, as of February 24, 2017, as Executive Vice President and will continue to lead Intersil as the President, Chief Executive Officer, and Director.

Smooth integration of two companies 

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, U.S. and Intersil’s home office in Milpitas, California, U.S., as well as the design centers and sales and support organizations serving Intersil customers globally.

Revenue expansion opportunities

 

As previously announced in September 2016, Renesas anticipates that near- and long-term revenue expansion opportunities combined with the modest anticipated cost efficiencies associated with greater scale will eventually generate synergies of US$170 million (approximately 17 billion yen at an exchange rate of 100 yen to the dollar). The transaction is expected to immediately increase Renesas’ gross and operating margins and be accretive to Renesas’ non-GAAP earnings per share and free cash flows after closing.

 

Posted on February 27, 2017 - (389 views)
Related articles
Compact Spot Finder IR Camera Xi 410 from Optris
YOKOGAWA’s Global virtual event Y NOW 2021
All-In-One System for Precise Thickness Measurements in the Line
Ultrasonic Distance Sensor
AI plug-in Card with Coral Edge TPUTM for Retrofitting
Hand-held Metrology Grade 3D Scanner
No-code UniCloud specifically designed for Machine Builders
SPS 2021 - The Hybrid Exhibition Highlight
Wireless Systems that Simplify IoT Connectivity
Stratasys Innovation Showcased at Formnext With Largest-ever new Product Line-up
Compact Spot Finder IR Camera Xi 410 from Optris
YOKOGAWA’s Global virtual event Y NOW 2021
All-In-One System for Precise Thickness Measurements in the Line
Reliable Turbine Flowmeters Meet Demands of Specialist Coolant Flow Applications
Flow Monitoring in an Explosive Atmosphere
Accurate Flowmeter Ideal for Multiple Water System Applications
Metering Grease Lubrication Flow in a Wind Turbin
NSF-Approved Mini Turbines
Ultrasonic Flowmeter Ideal for Ultra-Pure Water Applications
Ceramic Pressure Sensors and Oil-Filled Pressure Sensors
Compact Spot Finder IR Camera Xi 410 from Optris
YOKOGAWA’s Global virtual event Y NOW 2021
All-In-One System for Precise Thickness Measurements in the Line
Experience Easy with the New BradyPrinter i5300
Reliable Turbine Flowmeters Meet Demands of Specialist Coolant Flow Applications
Flow Monitoring in an Explosive Atmosphere
NSF-Approved Mini Turbines
VPFlowScope M flow meter: Measure, Discover & Save
Cloud-based Solution for Service Management
Metal Enclosed AC/DC Power Supplies from 18 to 960 Watt