M&A Deal Summary

Renesas Electronics Acquires Intersil

On September 13, 2016, Renesas Electronics acquired semiconductors company Intersil for 3.2B USD

Acquisition Highlights
  • This is Renesas Electronics’ 1st transaction in the Semiconductors sector.
  • This is Renesas Electronics’ 4th largest (disclosed) transaction.
  • This is Renesas Electronics’ 1st transaction in the United States.
  • This is Renesas Electronics’ 1st transaction in California.

M&A Deal Summary
Date 2016-09-13
Target Intersil
Sector Semiconductors
Buyer(s) Renesas Electronics
Deal Type Add-on Acquisition
Deal Value 3.2B USD
Advisor(s) J.P. Morgan Securities (Financial)
Jones Day
Covington & Burling LLP (Legal)

Target

Intersil

Milpitas, California, United States
website
Intersil Corp. is a provider of innovative power management and precision analog solutions. The company's products form the building blocks of increasingly intelligent, mobile and power hungry electronics enabling advances in power management to improve efficiency and extend battery life. With a deep portfolio of intellectual property and a rich history of design and process innovation, Intersil is the trusted partner to leading companies in some of the world's largest markets, including the industrial and infrastructure, mobile computing, automotive and aerospace.

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Buyer(S) 1

Buyer

Renesas Electronics

Tokyo, Japan

website

Category Company
Founded 2002
Sector Semiconductors
Revenue 994.4B JPY (2021)
DESCRIPTION

Renesas Electronics delivers semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live. Renesas is a global supplier of microcontrollers, and a leader in Analog & Power and SoC products, Renesas provides the expertise, quality, and comprehensive solutions for a broad range of Automotive, Industrial, Home Electronics (HE), Office Automation (OA) and Information Communication Technology (ICT) applications to help shape a limitless future. Renesas Electronics was founded in 2002 and is based in Tokyo, Japan.

DEAL STATS #
Overall 2 of 9
Sector (Semiconductors) 1 of 5
Type (Add-on Acquisition) 1 of 8
State (California) 1 of 3
Country (United States) 1 of 4
Year (2016) 1 of 1
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-04 Renesas Electronics - LTE-Related Assets

Tokyo, Japan

Renesas Electronics' LTE assets includes high-quality multimode, multiband, LTE-A/HSPA+/EDGE modem IP that includes support for leading-edge features such as Carrier Aggregation and VoLTE.

Sell $164M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-11 Integrated Device Technology

San Jose, California, United States

Integrated Device Technology, Inc. is a provider of semiconductor solutions for advanced network services. IDT serves communications equipment vendors by applying its hardware, software and memory technologies to create flexible, highly integrated products that enhance the functionality and processing of network equipment. Integrated Device Technology, Inc. was formed in 1980 and is based in San Jose, California.

Buy $6.7B
Mergr

Product

Company

Legal