- Renesas Electronics Corporation is a premier supplier of advanced semiconductor solutions
- Integrated Device Technology (IDT) had announced integration with Renesas back in March 2019
Renesas Electronics Corporation (Renesas), a premier supplier of advanced semiconductor solutions, today announced that former IDT began operating in the market under the name of Renesas Electronics America Inc. as of One January 2020. The company had acquired IDT back in March 2019.
“With the integration now complete in both name and entity, we are perfectly positioned to provide our customers with the most extensive offering of high added-value solutions,” noted Sailesh Chittipeddi, executive-vice-president of Renesas. It is also to be noted here that Sailesh Chittipeddi is also the general-manager of the IoT and infrastructure-business-unit and president of Renesas Electronics America.
IDT subsidiaries in Asia and Europe to be integrated in Renesas
Following the integration of IDT and Renesas, all former IDT sites in the U.S. officially changed their names to Renesas. Renesas will continue to integrate former IDT subsidiaries in Asia and Europe. From late 2020 onwards, all remaining former IDT subsidiaries will, in principle, adopt company names starting with Renesas. This step will be done in order to accelerate the organic growth of the corporate group.
“To thrive as a world-leading embedded solution provider in the rapidly changing global semiconductor market, we are working to expand our analog solution lineup and to strengthen kit solution offerings that combine world-leading MCUs, SoCs and analog products,”said Hidetoshi Shibata, Representative Director, President and CEO of Renesas Electronics Corporation.
He added “Fueled by the IDT integration, Renesas is now poised to further accelerate its business strategies and extend its share in fast-growing data economy-related markets such as infrastructure and data center, and strengthen its presence in the industrial and automotive segments. The seamless integration enables us to accelerate synergies between digital and analog products to provide competitive, value-added solutions to deeper and broader customers and cultivate new markets.”
Former IDT products are re-branded as Renesas products from January 2020 onwards (with the exception of products that are currently under mass production or under development. New products will be branded as Renesas products, but this will not include products of a simple derivative or a minor revision of an existing product).
“Integration synergy is being steadily realized as proven by the close to 100 comprehensive Winning Combination solutions, which combine complementary products from Renesas and IDT, developed in just nine months since the acquisition,” added Hidetoshi Shibata.