Renesas Electronics Acquires Panthronics to Expand Connectivity Portfolio
Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, announced its successful acquisition of Panthronics AG, a fabless semiconductor company specializing in high-performance wireless products. The acquisition was completed on June 2, 2023, following required regulatory approval.
Panthronics is a leading provider of NFC (Near Field Communication) chipsets and software. NFC is a short-range wireless communication technology that is used in a wide range of applications, including mobile payments, access control, and asset tracking. Panthronics' NFC technology is used by leading global brands in a variety of industries.
The acquisition of Panthronics will enable Renesas to expand its connectivity portfolio and offer customers a wider range of solutions for the Internet of Things (IoT). Renesas' existing connectivity portfolio includes Wi-Fi, Bluetooth, and LTE. The addition of Panthronics' NFC technology will allow Renesas to offer customers a complete solution for IoT applications that require short-range wireless communication.
"The acquisition of Panthronics is a major milestone in our strategy to expand our connectivity portfolio and offer customers a wider range of solutions for the IoT," said Hidetoshi Shibata, President and CEO of Renesas Electronics. "Panthronics' NFC technology is a valuable addition to our portfolio and will enable us to meet the growing demand for IoT solutions."
Renesas plans to integrate Panthronics' NFC technology into its existing products and solutions. Renesas will also continue to develop new NFC products and solutions.
The acquisition of Panthronics is a significant investment in Renesas' future. The acquisition will enable Renesas to expand its connectivity portfolio and offer customers a wider range of solutions for the IoT. Renesas is committed to providing customers with the solutions they need to succeed in the IoT era.