Intersil commences operations as Renesas Electronics America
Renesas Electronics, a supplier of advanced semiconductor solutions, has announced the integration of Intersil as a legal entity and a new branding policy. Renesas signed a definitive agreement to acquire Intersil in September 2016, which was completed in February 2017.
Intersil has now completed an absorption-type merger with Renesas Electronics America, the US subsidiary of Renesas, leaving Intersil as the surviving company. Intersil subsequently changed its name to Renesas Electronics America, with the majority of Intersil products to be rebranded as Renesas products from January 2018 onwards.
Prior to this entity integration, Renesas implemented a transition to a new organisational structure in July 2017 to accelerate the integration of the Intersil business. The aim of this transition is to move beyond its Japan-centric business management and to achieve a truly global company that acts as ‘One Global Renesas’, a company that operates as a global entity.
All branches and offices in the US have now been rebranded with the Renesas logo, marking a major milestone in the integration process. The integration process has also been completed in Japan and Korea, while the remaining Intersil entities are expected to be integrated in the near future. All remaining Intersil subsidiaries will, in principle, start to adopt company names starting with ‘Renesas’ with the aim of accelerating the organic growth of ‘One Global Renesas’.
“With the integration of the Intersil business, we have taken another significant step towards maximising 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 materialise 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 maximise 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.”
Renesas has launched its new website introducing Renesas and Intersil’s featured products at https://www.renesas.com/en-hq/about/company/integration.html.
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