Renesas-Intersil-logos

 

 

Renesas
Electronics, a supplier of advanced semiconductor solutions, and Intersil, a provider
of power management and precision analog solutions, today announced that they
received notification by the Committee on Foreign Investment in the United
States on February 21, 2017 PST; February 22, 2017 JST that the investigation
of the merger transaction under which Renesas will acquire Intersil is complete
and that there are no unresolved national security concerns with respect to the
transaction. The initial news was announced last September (https://www.renesas.com/en-us/about/press-center/news/2016/news20160913a.html).

 

All
necessary regulatory approvals for the acquisition have now been received and
the merger is expected to close on February 24, 2017 PST, subject to customary
closing deliveries. Intersil stockholders have previously voted to adopt the
merger agreement and approve the transaction at a special meeting of
stockholders held on December 8, 2016.

 

About
Renesas Electronics Corporation

 

Renesas
Electronics Corporation (TSE: 6723) delivers trusted embedded design innovation
with complete semiconductor solutions that enable billions of connected, intelligent
devices to enhance the way people work and live—securely and safely. The number
one global supplier of microcontrollers, and a leader in Analog & Power and
SoC products, Renesas provides the expertise, quality, and comprehensive
solutions for a broad range of Automotive, Industrial, Home Electronics (HE),
Office Automation (OA) and Information Communication Technology (ICT)
applications to help shape a limitless future. Learn more at renesas.com.

 

About
Intersil

 

Intersil
Corporation is a leading provider of innovative power management and precision
analog solutions. The company’s products form the building blocks of
increasingly intelligent, mobile and power hungry electronics, enabling
advances in power management to improve efficiency and extend battery life.
With a deep portfolio of intellectual property and a rich history of design and
process innovation, Intersil is the trusted partner to leading companies in
some of the world’s largest markets, including industrial and infrastructure,
mobile computing, automotive and aerospace. For more information about
Intersil, visit our website at www.intersil.com.