Renesas – Intersil

Renesas, a supplier of advanced semiconductor solutions, in September announced it will acquire Intersil, which provides power management and precision analog solutions for $3.2 billion.

The Japanese company said that the acquisition will create a highly synergistic, complementary product portfolio of system solutions targeted at large opportunities in the automotive, industrial and IoT markets.

"By combining Renesas' market-proven microcontroller and system-on-chip products and technologies and Intersil's leading power management and precision analog capability, Renesas will be well positioned to address some of the most exciting opportunities in key areas such as automotive, industrial, cloud computing, healthcare, and the Internet of Things," said Renesas in a statement.