Renesas Electronics has completed its €4.8bn ($5.7bn) deal to acquire Dialog Semiconductor.
“Today represents an important milestone for Renesas. This transaction builds on our long-term strategy to offer a complete set of solutions with more leading-edge analog and mixed signal products that deliver value and innovation to the customers,” said Hidetoshi Shibata, President & CEO of Renesas.
“We are excited to welcome the talented team of Dialog employees, as well as the customers and suppliers of Dialog to the Renesas community. The combination augments engineering scale and delivers a diversified product portfolio across multiple, attractive end markets. Together, we are positioned to capitalize on an array of growing opportunities including the IoT, industrial, and automotive fields,” he said.
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The completion has led to a key change in management of the automotive division at Renesas.
Dialog’s Senior Vice President and General Manager Vivek Bhan has joined Renesas’ leadership team as Senior Vice President from August 31, 2021. Bhan led the Custom Mixed Signal (CMS) at Dialog and will continue to be responsible for the CMS business as a member of Renesas’ IoT and Infrastructure Business Unit.
Tomomitsu Maoka is also retiring as Senior Vice President and Deputy General Manager of Automotive Solution Business Unit at the end of the month, and Bahn will take over his role as deputy in automotive, one of the key areas for Renesas.
The Automotive Solution Business Unit will comprise Sales, Automotive Business Management and Automotive New Business Creation functions, with the Digital Product Business led by Takeshi Kataoka, Senior Vice President and General Manager of Automotive Solution Business Unit, with the analog and power (A&P) Product Business reporting directly to Bhan.
The deal follows the acquisitions of Intersil and IDT and will add Dialog’s low-power mixed signal products, low-power Wi-Fi and Bluetooth connectivity expertise, flash memory, battery and power management as well as its long-standing experience and in-depth knowledge in providing configurable mixed-signal (CMIC) solutions and more. This will add $200m of revenue to the revenue of the combined company from cross-selling, Renesas predicts. It also expects $125m of cost savings after three years.
As an example, Renesas has launched more than 35 reference designs with parts from both companies.
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