Integrated Device Technology to Start Operations as Renesas Electronics America in January 2020 Following Successful Completion of Integration in US
Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, today announced that following the successful integration of Integrated Device Technology, Inc. (“former IDT”) in the U.S., acquired on March 30, 2019, former IDT began operating in the market under the name of Renesas Electronics America Inc. as of January 1, 2020.
"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. “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.”
“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,” said Sailesh Chittipeddi, Executive Vice President of Renesas & General Manager of the IoT and Infrastructure Business Unit and President of Renesas Electronics America. “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.”
Following the integration, 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 and from late 2020 onwards, all remaining former IDT subsidiaries will, in principle, adopt company names starting with “Renesas” in order to accelerate the organic growth of the corporate group.
Former IDT products are rebranded 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).