M&A 2018 Annual Review

Renesas Morrison & Foerster is representing Renesas Electronics Corporation, a global leader in microcontrollers, analog, power, SoC products, and integrated platforms, in its $6.7 billion acquisition of Integrated Device Technology, a major supplier of analog mixed-signal products including sensors, connectivity, and wireless power. This acquisition will combine the strengths of two global industry leaders in embedded solutions. Renesas has been executing its growth strategy to thrive in the global marketplace and become a global leading embedded solution provider. As part of this initiative, Renesas is working to expand its analog solution lineup and to strengthen its kit solution offerings that combine its microcontrollers, system-on-chips, and analog products. “THIS ACQUISITION WILL BRING US COMPLEMENTARY, MARKET-LEADING ANALOG MIXED-SIGNAL ASSETS AND AN INCREDIBLY TALENTED GROUP OF PROFESSIONALS TO HELP US BOOST OUR EMBEDDED SOLUTION CAPABILITIES. IDT’S PRODUCTS COMBINED WITH OUR MCUS, SOCS AND POWER MANAGEMENT ICS WILL ENABLE RENESAS TO WIDEN ITS PRODUCT OFFERINGS AS WELL AS TO EXPAND ITS REACH INTO AREAS SUCH AS THE GROWING DATA ECONOMY-RELATED SPACE.” Bunsei Kure, Representative Director, President and CEO, Renesas 19 MORRISON & FOERSTER 2018 M&A ANNUAL REVIEW