6.7 billion dollars! The acquisition of IDT by Renesas Electronics was finally approved!

3 month 23 Japan , The global semiconductor solution supplier Renesas Electronics Co., Ltd. and including sensors 、 Suppliers of analog mixed signal products including interconnection and wireless power supply Integrated Device Technology, Inc. （IDT） announce , Received from CFIUS （CFIUS） Approval of the proposed merger and acquisition transaction between the two companies . It also means that , Renesas electronics acquired IDT There is no obstacle in one case .

before , The deal has been won by China 、 Germany 、 In Hungary, 、 Antitrust approval by antitrust authorities in South Korea and the United States . IDT Shareholders have previously voted to approve the merger agreement , And in 2019 year 1 month 15 The transaction was approved at the special meeting of shareholders held on August .CFIUS Approval is the last regulatory approval required to complete the transaction .

last year 9 month 11 Japan , Renesas electronics and IDT announce , Both parties have signed the final agreement , Renesas Electronics will pay per share 49 The price in US dollars , The total equity value is about 67 Billion dollars ( Press 1 Dollar equivalent 110 Yen , The total amount is about 7330 Billion yen ) Acquisition by all cash transaction IDT, Renesas electronics plans to pay for this acquisition with its own funds and bank loans .

Industry Review , If the acquisition is completed on schedule , Japan's largest semiconductor company may be born . As a leading microcontroller supplier in the world 、 Analog power devices and devices SoC Product leader , since 2016 Since then , Renesas electronics continues to expand its analog solutions business , Include MCU、SoC And analog mixed signal products , The company will make cars 、 The Internet of things 、5G And the industrial sector as the focus of revenue growth .

IDT Headquartered in San Jose, California, USA , At RF 、 High performance timing 、 Memory interface 、 Real time connectivity 、 Optical interconnection 、 It has market leading products in the fields of wireless power supply and intelligent sensors , Its extensive 、 A complete mixed signal solution can be used for communication 、 Calculation 、 consumption 、 Automotive and industrial sectors .

Renesas electronics hopes to acquire , Integrate embedded processors and analog mixed signal semiconductors , The performance and efficiency of high-performance computing electronic systems can be optimized through the products of both sides' respective advantages , And bring business growth opportunities to the company 、 Globalization of management and operation and significant economic benefits . Director of Renesas Electronics 、 Wuwenjing, President and CEO, said at that time ,“ This acquisition will not only bring the company market leading analog mixed signal products, but also expand the company's existing product line , It will also bring excellent professionals , Improve the performance of Renesas electronic embedded solutions .IDT Our products are similar to those of Renesas Electronics MCU、SoC And power management IC Combination , It will enrich the product supply of Renesas electronics and expand the company's business to new areas , For example, the growing data economy related fields .

at present , Renesas electronics acquired IDT All necessary regulatory approvals for the acquisition have been received , According to the usual terms of business , The transaction is expected to take place during Pacific summer time 2019 year 3 month 29 Japan , Japan standard time 2019 year 3 month 30 Day to complete .

edit ： Smart core - Woods