Renesas Electronics, a provider of advanced semiconductor offerings including microcontrollers, SoCs and analog and power devices, has acquired Nokia’s Wireless Modem business.
Initially announced on 6 July 2010, Renesas Electronics assumes full ownership of the wireless modem unit, which has been responsible for development of Nokia’s wireless modem technologies for LTE, HSPA and GSM standards.
As per the transaction, approximately 1,100 employees are transferred from Nokia to Renesas Electronics.
Business operations began as Renesas Electronics in April 2010 through the integration of NEC Electronics Corporation and Renesas Technology Corp., with operations spanning research, development, design and manufacturing for a wide range of applications.
Renesas Electronics is headquartered in Japan and has subsidiaries in 20 countries worldwide.