Renesas Completes Acquisition of Integrated Device Technology

The Combined Portfolios Contribute to Expand Renesas’ Global Footprint in High-Data-Processing Markets

TOKYO, Japan, March 30, 2019 JST | San Jose, California, U.S.A., March 29, 2019 PST― Renesas Electronics Corporation (TSE: 6723, “Renesas”), a premier supplier of advanced semiconductor solutions, and Integrated Device Technology, Inc. (“IDT”), a leading supplier of analog mixed-signal products, including sensors, connectivity and wireless power, today jointly announced the successful completion of Renesas’ acquisition of IDT, as of March 30, 2019 JST, March 29, 2019 PDT, following approvals by IDT shareholders and the relevant regulatory authorities.

Together with 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 enables the creation of new classes of products and solutions in fast-growing, data-economy applications across different verticals, including industrial, infrastructure and automotive segments, for customers and partners across the globe.

To immediately showcase how Renesas and IDT’s complementary product portfolios work together to deliver comprehensive solutions, Renesas and IDT developed 15 “Winning Combinations,” compelling Renesas-plus-IDT product combinations that capture and highlight the technological advantages Renesas and IDT provide as a combined company. Examples of Winning Combinations include IDT automotive timing plus Renesas R-Car processor solutions for automotive infotainment applications, an IDT gas sensor plus Renesas MCU for IoT building automation air quality control and other Winning Combinations for base station, wireline and server applications. To learn more about the Renesas and IDT Winning Combinations, visit www.renesas.com/solutions/idt.html.

As a result of the completion of the transaction, IDT became a wholly owned subsidiary of Renesas. As of today, Dr. Sailesh Chittipeddi joined Renesas’ executive team as Executive Vice President and will lead IDT as President and CEO. Renesas is committed to a smooth and swift integration of the two companies and continuation of technical support and future product development for IDT’s industry-leading analog mixed-signal products.

As previously announced, Renesas anticipates near- and long-term revenue growth from expanded opportunities, access to fast-growing industries, as well as cost savings from a larger business platform, which will bring innovation and improvements along with an expected positive financial impact in the region of US$250 million in non-GAAP operating income per year on a run-rate basis. Renesas expects the acquisition to be highly accretive to Renesas’ pro-forma non-GAAP gross margin, non-GAAP EPS (earnings per share) and free cash flows immediately after completion, consistent with prior guidance. Renesas completed the transaction using approximately US$6.3 billion (approximately ¥693.0 billion at an exchange rate of 110 yen to the dollar), through a combination of cash on hand and debt financing.

“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 Bunsei Kure, Representative Director, President and CEO of Renesas. “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.”

“The product portfolios of Renesas and IDT are highly complementary. The combination allows us to bring more innovative and comprehensive portfolio of products to the market, with a larger global footprint, sales force and distribution network,” said Dr. Sailesh Chittipeddi, Executive Vice President of Renesas and President and CEO of IDT. “The winning combinations of products introduced today represent our commitment to achieving an efficient and speedy integration of the two companies and enabling our customers to get to market faster with best-in-class solutions.”

About Renesas Electronics Corporation
Renesas Electronics Corporation (TSE: 6723) delivers trusted embedded design innovation with complete semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live. A global leader in microcontrollers, analog, power, and SoC products, Renesas provides comprehensive solutions for a broad range of automotive, industrial, home electronics, office automation, and information communication technology applications that help shape a limitless future. Learn more at renesas.com.

About IDT
Integrated Device Technology, Inc., a wholly owned subsidiary of Renesas Electronics Corporation,  develops system-level solutions that optimize its customers’ applications. IDT’s market-leading products in RF, high performance timing, memory interface, real-time interconnect, optical interconnect, wireless power and smart sensors are among the company’s broad array of complete mixed-signal solutions for the communications, computing, consumer, automotive and industrial segments. Headquartered in San Jose, Calif., IDT has design, manufacturing, sales facilities and distribution partners throughout the world. Additional information about IDT can be found at www.IDT.com. Follow IDT on FacebookLinkedInTwitter, and YouTube.

마이크로 칩 FAE 운영

 

(주)석영브라이스톤에서는 매주 수요일 마이크로팁 FAE를 운영합니다.

마이크로 칩 FAE가 상주하여 상담해 드리고 있으며 누구나 참여 가능합니다.

장소는 (주)석영브라이스톤 구로 매장 이며 10시 ~ 17시까지 운영합니다.

매주 수요일 마이크로칩에 대한 궁금증을 무엇이든 물어 보세요.

 

석영브라이스톤, 반도체 물류사업 나선다

반도체 유통업체인 석영브라이스톤이 물류기반을 강화한다.

석영브라이스톤(대표 임광호)은 내년에 20억∼30억원을 투자해 인천국제공항에 반도체 물류 창고를 세우고 반도체 장비와 반도체 유통 사업에 나서겠다고 10일 밝혔다.

석영은 사업다각화 차원에서 내년에 인천공항과 조율해 반도체 웨어하우스를 설립키로 하고 반도체 창고관리시스템(Warehouse Management System)을 구축해 물류사업에 뛰어난다는 방침이다. 석영은 이를 통해 국내에 반도체 물류란 새로운 영역을 개척하겠다는 야심이다.

석영은 그간 아바고, 아트멜, 프리스케일반도체, 르네사스, 후지쯔, 내셔널세미컨덕터, 인텔 등의 반도체 대리점을 경영해왔다. 하지만 최근 중소 가전업체들이 중국 이전과 수요감소로 반도체 유통이 어려움을 겪고 있어 이를 타개하기 위해 구미, 창원, 광주 등을 통한 대기업 직접 영업을 강화하는 한편 물류 효율화를 통해 반도체 유통기업으로서 내실을 다지고 신사업을 개척한다는 전략이다.

임광호 사장은 “반도체 물류에는 운송과 같은 수화물의 선적·하역 관리 뿐만 아니라 입출고, 재고파악, 출하관리 등 많은 경영 노하우가 필요한 만큼 정상화에는 시간이 다소 필요하다”며 ”물류사업이 본격화되는 것은 2009년이 될 것”이라고 밝혔다. 임 사장은 “물류사업이 2009년 본격화 되면 매출 구조가 △중소기업 유통 △대기업 직접 유통 △매장 유통 등에서 보다 다각화돼 수익 안정성에 도움이 될 것” 이라고 덧붙였다.