Mexican Media Brands
Renesas Electronics Agrees to Buy Chipmaker Intersil for $3.2 Billion
Japan’s Renesas Electronics Corp. has reached an agreement to acquire Intersil Corp., a U.S. chipmaker in an all-cash deal worth 325 billion yen ($3.2 billion), Reuters reports.
#electronics
Share
Japan’s Renesas Electronics Corp. has reached an agreement to acquire Intersil Corp., a U.S. chipmaker in an all-cash deal worth 325 billion yen ($3.2 billion), Reuters reports. The plan was revealed in August.
Renesas supplies microprocessors to the auto and consumer electronics industries. The company specializes in infotainment system chips. Intersil, which once made chips for digital watches, now produces power control chips used to manage battery systems, including those in electric cars.
The Japanese government bailed out Renesas in 2012, a year after crippling earthquakes incapacitated five of the company’s factories and disrupted auto production worldwide. Since then the business has successfully restructured, amassed a sizable cash reserve and is focusing its business on automotive chips. But it faces increasing challenges from rivals Infineon and NXP Semiconductor.
Renesas CEO Bunsei Kure predicts the merged companies will hike their combined income by 17.3 billion yen ($170 million) per year.
RELATED CONTENT
-
2018 Ford EcoSport: Small Is the New Big
Eric Loeffler, chief program engineer for the 2018 Ford EcoSport, recalls driving home from work one day from the product development center in Brazil where work was underway on developing the vehicle that will be coming to the U.S. in 2018, having been launched in 2003 in South America and is now become available in 140 countries around the world.
-
Ford and Autonomy
Ford’s announcement last week in Silicon Valley came as something of a surprise.
-
On Traffic Jams, Vehicle Size, Building EVs and more
From building electric vehicles—and training to do so—to considering traffic and its implication on drivers and vehicle size—there are plenty of considerations for people and their utilization of technology in the industry.