On October 17 local time, semiconductor chip supplier Rexa Electronics announced that it had completed the acquisition of fabless semiconductor company Steradian Semiconductors Private Limited (hereinafter referred to as "Steradian"), which provides 4D imaging radar solutions, focusing on strengthening automotive and industrial sensing solutions. With the completion of the acquisition, Steradian has become a wholly-owned subsidiary of Renesa Electronics.
Headquartered in Bangalore, India, Steradian is a start-up company established in 2016, which can provide radar solutions that can achieve high-precision object recognition and power efficiency in a small size.
Renesa Electronics said that the acquisition of Steradian's radar technology will enable Renesa Electronics to expand its influence in the radar market and enhance its strength in automotive and industrial sensing solutions.
Renesa Electronics is keen to implement the "buy buy" strategy
Looking at a series of acquisitions along the way, it is not difficult to see that Renesa is keen to implement the strategic route of "buy buy buy". Through the acquisition mode, enterprises can achieve the complementation of technology and market, expand business areas, seize future business opportunities and expand competitive advantages.
Renesa Electronics was founded in 2003. It was formed by the merger of the semiconductor department of Hitachi Manufacturing Institute and the semiconductor department of Mitsubishi Electric. Its business covers wireless networks, automobiles, consumer and industrial markets, and its products include microcontrollers, SoC solutions, and a wide range of analog and power devices.
Renesa Electronics believes that expansion M&A is the key factor to realize the company's development strategy and promote the company's further growth.
In 2016, Renesa Electronics initiated the merger and acquisition of Intersil, an American analog technology company, and completed the acquisition on February 25, 2017 with a transaction value of $3.219 billion. With this acquisition, Renesa Electronics has obtained Intersil's innovative power management and precision simulation solutions, which complement its deficiencies in the field of power management.
On September 11, 2018, Renesa announced that it would acquire IDT, a large analog chip manufacturer in the United States, for about US $6.7 billion, and complete the acquisition on March 30, 2019. This acquisition will integrate embedded processors and analog mixed signal semiconductors, and both parties can optimize the performance and efficiency of high-performance computing electronic systems through their respective advantageous products.
On February 8, 2021, Renesa Electronics announced that it would purchase the Apple chip supplier Dialog for 4.9 billion euros (5.92 billion dollars) at a 20% premium, aiming to expand its chip portfolio to areas other than automobiles. On August 31, 2021, Renesa Electronics announced that it had completed the acquisition of Dialog, and had been well supplemented in LED drive, analog mixed signal, Bluetooth, force feedback drive, power management and other technologies.
On October 28, 2021, Renesa Electronics announced that it had reached a final agreement with Israel's Wi Fi chip solution developer Celeno to acquire the wireless chip communication company by way of USD 315 million (installment payment).
Renesa said that Celeno's field proven Wi Fi and software functions are highly complementary to it, and it combines a comprehensive, end-to-end embedded solution to solve the rapidly growing low-power connection market in the Internet of Things, infrastructure, industrial and automotive applications.
Since 2022, the acquisition of Renesa Electronics has never stopped. On July 19, 2022, Renesa Electronics completed the acquisition of Reality AI, an excellent supplier of embedded AI solutions. This acquisition will enable Renesa Electronics to expand its tool suite and software products for AI applications, and improve its ability to provide highly optimized endpoint solutions combining software and hardware.
Semiconductor industry releases M&A signals frequently
At present, the global semiconductor industry is entering a turning point of new technologies and new applications. In this critical period, M&A is still an important strategy in the process of industrial development. In order to walk in the front end of the industry and stand out from various subdivisions, some enterprises choose to "eat" existing resources and expand their own businesses. In addition to Renesa Electronics, recently Xinhuazhang Technology and Alphawave IP have also announced their acquisitions.
In September 2022, the EDA manufacturer Xinhuazhang Technology announced that it had completed the acquisition of the high-performance simulation software company Shinyao Electronics and integrated its core technologies. The amount of the acquisition was not disclosed to the public.
Xinhuazhang Technology has acquired the core technology of Shinyao Electronics, and integrated the large-scale software simulation technology into the Xinhuazhang Zhiv verification platform to enhance its rich system level verification product portfolio and consolidate the Xinhuazhang agile verification scheme.
In March 2022, Alphawave, a Canadian semiconductor IP provider, announced that it would purchase the entire OpenFive business unit from SiFive with $210 million in cash from the company's existing cash resources. In August, the transaction was approved by all regulatory authorities, including the CFIUS.
On October 13 local time, Alphawave announced its acquisition of Banias Labs, an Israeli developer of optical digital signal processing chips. Tony Pialis, President and CEO of Alphawave, said that with the acquisition of Banias, Alphawave is expanding its potential market by providing the next generation coherent optical solutions for the most advanced data centers.
In addition, Alphawave disclosed that it also negotiated a non binding multi-year procurement framework with a leading large-scale manufacturer in North America. The framework developed and sold a series of optical products and DSP for Alphawave, including the related DSP technology of Banias Labs, and the sales volume may exceed 300 million dollars.