M&A Deal Summary

Renesas Electronics Acquires Steradian

On August 31, 2022, Renesas Electronics acquired semiconductors company Steradian

Acquisition Highlights
  • This is Renesas Electronics’ 4th transaction in the Semiconductors sector.
  • This is Renesas Electronics’ 1st transaction in India.

M&A Deal Summary
Date 2022-08-31
Target Steradian
Sector Semiconductors
Buyer(s) Renesas Electronics
Deal Type Add-on Acquisition

Target

Steradian

Bangalore, India
website
Steradian is a fabless semiconductor company that builds 4D Imaging Radar Products in the Milli-Meter wave band for the worldwide Automotive and Driver Assistance Market. The company is developing Radar Transceiver and complete Radar Sensor Systems for Imaging Radar. Steradian builds all the components of the Radar Systems including the RF/Digital Mixed Signal Radar Transceiver, FPGA/ASIC-based Radar Signal Processing, Solution PCB, and Integrated Antennas. It is a fully funded start-up - hiring aggressively over the next couple of quarters in the domains of Antenna Design & DSP. Steradian was formed in 2016 and is based in Bangalore, India.

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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 7 of 9
Sector (Semiconductors) 4 of 5
Type (Add-on Acquisition) 6 of 8
Country (India) 1 of 1
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-08 Reality AI

Columbia, Maryland, United States

Reality AI is a provider of embedded AI solutions that offers a wide range of embedded AI and Tiny Machine Learning (TinyML) solutions for advanced non-visual sensing in automotive, industrial and commercial products. Reality AI is based in Columbia, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-22 Panthronics

Graz, Austria

Panthronics is a fabless semiconductor company specializing in high-performance wireless products. The company has been offering advanced NFC chipsets and software that are easy to apply, innovative, small-in-size, and highly efficient for payment, IoT, and NFC wireless charging. Panthronics is based in Graz, Austria.

Buy -
Mergr

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