Intersil to be absorbed into Renesas in January

Business news |
By Nick Flaherty

From January 1, 2018, Intersil will operate in the market under the name of Renesas Electronics America Inc. This marks a major milestone in the integration process, which remains on track, says renesas. As well, the integration process in Japan and Korea is expected to be completed on or about January 1, 2018. The remaining Intersil entities are expected to be integrated in the near future, making Renesas a major global supplier of power devices.

The aim of this transition is to move beyond its Japan-centric business management and to achieve a truly global company. Following the entity integration, all branches and offices in the US will be rebranded with the Renesas logo and almost all Intersil products will be rebranded as Renesas products from January 2018, except for products for the military and aerospace segments.

“With the integration of the Intersil business, we have taken another significant step towards maximizing the full potential of the combined business, providing scale, stability and a comprehensive product mix,” said Bunsei Kure, Representative Director, President and CEO of Renesas Electronics. “With the enhanced global strength, Renesas is in the best position to further strengthen its leadership in the global semiconductor market.”

“The promise of the Renesas and Intersil integration has already begun to materialize as we’ve started operating as one company,” said Necip Sayiner, Executive Vice President of Renesas, President of Renesas Electronics America and President, CEO and Director of Intersil. “We are fully combining our portfolios, technologies and talent to maximize the potential of the acquisition synergies. As a result, we are positioned to expand our business in the broad-based market, providing complete system solutions that enable customers to get to market faster.”

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