"Japanese chip giant Renesas Electronics announced that it has reached a final agreement with Israeli Wi-Fi chip solution developer Celeno to acquire this wireless chip communications company for US$315 million (in installments)."
Japanese chip giant Renesas Electronics announced that it has reached a final agreement with Israeli Wi-Fi chip solution developer Celeno to acquire the wireless chip communications company for US$315 million (in installments).
Renesas stated that the transaction has been unanimously approved by the boards of directors of the two companies and will be completed by the end of 2021
Celeno is headquartered in Israel and is a high-performance home network, smart building, enterprise and industrial market wireless communication solutions provider. Its products include advanced Wi-Fi chipsets and software solutions.
Renesas said that Celeno’s field-proven Wi-Fi and software functions are highly complementary to it, and combine a comprehensive, end-to-end embedded solution for solving IoT, infrastructure, industrial and automotive applications The fast-growing low-power connection market.
The CEO of Renesas said: "The transaction announced today highlights our continued commitment to improving the performance and efficiency of electronic systems. The addition of Celeno expands the connection portfolio and provides us with more advanced Wi-Fi connection capabilities, which will provide customers and access Access points provide end-to-end connectivity solutions. Renesas is now well-positioned to take advantage of the ever-increasing opportunities created by the massive increase in connectivity and demand created by today's interconnected world.
Celeno President and CEO Gilard Rosen added: "This is a compelling deal for our customers and employees. Our depth and strength in connectivity, coupled with Renesas' industry leadership The combination of embedded solutions will enable us to jointly explore new growth areas. At the same time, Renesas will also provide us with the ability to enter the market and bring Celeno to a wider range of customers.
On August 31 this year, Renesas Electronics also completed the acquisition of Dialog, which has been well supplemented in technologies such as LED drive, analog mixed signal, Bluetooth, force feedback drive, and power management.
Renesas’ latest price increase notice shows that in order to maintain the continuity of Renesas’ supply and long-term manufacturing, Renesas has decided to increase the pricing of most of its products and the newly acquired Dialog products. The effective date of the price is January 2022. Effective on the 1st.
As for whether Celeno’s chips will increase in price, it should not be for the time being. After all, the acquisition and merger has not been officially completed, and it will not be necessarily next year.
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