Divestiture • Semiconductors

Broadcom Acquires Renesas Electronics - LTE-Related Assets

On September 4, 2013, Broadcom acquired semiconductors company Renesas Electronics - LTE-Related Assets from Renesas Electronics for 164M USD

Acquisition Context
  • This is Broadcom’s 22nd transaction in the Semiconductors sector.
  • This is Broadcom’s 8th largest (disclosed) transaction.
  • This is Broadcom’s 1st transaction in Japan.

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M&A Deal Summary

Date September 4, 2013
Target Renesas Electronics - LTE-Related Assets
Sector Semiconductors
Buyer(s) Broadcom
Sellers(s) Renesas Electronics
Deal Type Divestiture
Deal Value 164M USD

Target Company

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.
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Buyer Overview 1

Buyer

Broadcom

Irvine, California, United States

Category Company
Founded 1991
Sector Semiconductors
Employees12,500
Revenue 8.4B USD (2014)
DESCRIPTION
Broadcom facility in San Jose, California.
Broadcom facility in San Jose, California.

Broadcom is a global provider of semiconductor solutions for wired and wireless communications. Broadcom was formed in 1991 and is based in Irvine, California.


Deal Context for Buyer #
Overall 28 of 28
Sector: Semiconductors 22 of 22
Type: Divestiture 3 of 3
Country: Japan 1 of 1
Year: 2013 1 of 1
Size (of disclosed) 8 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-21 BroadLight

Santa Clara, California, United States

BroadLight, Inc. is a fabless semiconductor company supplying IC devices and solutions to equipment vendors for FTTH applications.

Buy $195M

Seller Profile 1

SELLER

Renesas Electronics

Tokyo, Japan

Category Company
Founded 2002
Sector Semiconductors
Employees21,907
Revenue 1.35T JPY (2024)
DESCRIPTION

Renesas Electronics delivers semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live. Renesas is a 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 Context for Seller #
Overall 1 of 1
Sector: Semiconductors 1 of 1
Type: Divestiture 1 of 1
Country: Japan 1 of 1
Year: 2013 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-06 Nokia - Wireless Modem Business

Espoo, Finland

Nokia - Wireless Modem Business includes wireless modem technologies for LTE, HSPA and GSM standards, which have been used for billions of handsets in the global market over the years.

Buy $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-13 Intersil

Milpitas, California, United States

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.

Buy $3.2B

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