Combination Creates the World’s Leading Embedded Solution Provider
Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, and Intersil Corporation, a leading provider of innovative power management and precision analog solutions, announces 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.
“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, Intersil becomes a wholly-owned subsidiary of Renesas.
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.
As a representative for Renesas, Catalyst Sales hopes for a smooth transition during this time. We look forward to learning about what Intersil has to offer. For more information about the latest updates in the industry, please visit our NEW website at www.catalyst-sales.com.