TOKYO and San Jose, CA. Renesas Electronics Corporation and Integrated Device Technology Inc. jointly announced the successful completion of Renesas’ acquisition of IDT.
Renesas will now deliver an even broader range of leading-edge technology and embedded solutions by combining IDT’s RF, high-performance timing, memory interface, real-time interconnect, optical interconnect, wireless power and smart sensors with Renesas microcontrollers, system-on-chips and power management ICs. This combined portfolio will generate new products and solutions classifications in fast-growing, data-economy applications across different verticals including industrial, infrastructure and automotive segments.
“We are thrilled to welcome some of the industry’s best and brightest talent into our team to steer the future of innovation together,” said Renesas’ Representative Director, President and CEO, Bunsei Kure. “This acquisition demonstrates our commitment to bringing more complete solutions to our customers around the globe as we strengthen our leadership position in the high-growth, data-driven economy markets of automotive, industrial/IoT and datacenter/communications infrastructure where our advanced data processing and analog/mixed-signal performance is crucial. We fully expect to continue to significantly outgrow our strategic market segments and drive profitability, allowing us to carry on creating superior value for our customers and shareholders.”