View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Hardware
August 22, 2016

Renesas mulls $3 billion acquisition of US chipmaker Intersil

News: Renesas looks to bolster its automotive chip business.

By Ellie Burns

Japanese chipmaker Renesas Electronics is reportedly in talks to acquire Intersil, a US-based chip maker. According to sources cited by the Wall Street Journal, the deal is worth around $3 billion.

In what could prove an astute move from the Japanese chipmaker, the buyout looks to bolster the company’s semiconductor offerings for cars. Many rivals in the sector are rushing to profit off the increased interest in automotive devices, with Renesas hoping this deal could provide a much needed boost to its unprofitable operations.

“We are considering various options for growth including” a possible deal with the U.S. company, Renesas said in a statement.

First reported by Japanese business daily Nikkei, the deal points to Renesas trying to remain competitive in an industry which has seen considerable consolidation in recent times.

Intersil posted $522m in revenue and $7.2m in net income in 2015, with the US-based firm boasting a considerable number of customers in the automotive and aerospace industries.

 

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU