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Home > News > Industry News > Renesas pays $6.7 billion for .....

Renesas pays $6.7 billion for IDT

  • Author:Ella Cai
  • Release on:2018-09-11
Renesas is to buy IDT for $6.7 billion.

“This acquisition will bring us complementary, market-leading analogue mixed-signal assets and an incredibly talented group of professionals to help us boost our embedded solution capabilities,” says Renesas CEO Bunsei Kure (pictured),  “IDT’s products combined with our MCUs, SoCs and power management ICs will enable Renesas to widen its product offerings as well as to expand its reach into areas such as the growing data economy-related space.”

Renesas is working to expand its analogue  line-up and to strengthen its kit solution offerings that combine its microcontrollers (MCUs), system-on-chips (SoCs) and analogue products.

These efforts will be underpinned by revenue growth in its focus domains: automotive segment, which is expected to see tremendous growth with autonomous driving and EV/HEV; industrial and infrastructure segments, which are expected to advance with Industry 4.0 and 5G (fifth-generation) wireless communications, as well as the IoT segment.

Acquiring Intersil in February 2017 enabled Renesas to add industry-leading power management and precision analog capabilities to its product portfolio.

Renesas is capitalizing on the opportunities in its focus business segments by offering combined solutions.

The acquisition will provide Renesas with access to an array of robust analoue mixed-signal capabilities in embedded systems, including RF, advanced timing, memory interface & power management, optical interconnect, wireless power, and smart sensors.

The combination of these product lines with Renesas’ advanced MCUs and SoCs and power management ICs enables Renesas to offer comprehensive solutions that support the increasing demand of high data processing performance.

The enriched solution offerings will bring optimal systems from external sensors through analogue front-end to processors and interfaces.

IDT’s analogue mixed-signal products for data sensing, storage and interconnect are key devices that support the growth of  thecdata economy.

Acquisition of these products enables Renesas to extend its reach to fast-growing data economy-related applications including data center and communication infrastructure, and to strengthen its presence in the industrial and automotive segments.

Renesas expects revenue growth from the acquisition ofv over $250 million (non-GAAP operating income per year on a run rate basis).