Friday, November 1, 2019
The name Integrated Device Technology – IDT – will disappear at the beginning of next year when parent company Renesas Electronics is planning to re-brand it as Renesas Electronics America.
Renesas bought the San Jose analogue and mixed-signal chip maker, founded in 1980, at the end of March this year.
“Since the completion of IDT acquisition, post-merger integration is underway in order to improve business efficiency, and to generate further synergies, and now plans call for the reorganisation of IDT’s subsidiaries,” according to Renesas. “In January 2020 IDT will execute an absorption-type merger with Renesas Electronics America, with IDT as the surviving company. IDT will then change its company name to Renesas Electronics America. In parallel Renesas will continue to rectify the regional subsidiaries, and from January 2020 onwards, all remaining IDT subsidiaries will in principle, adopt company names starting with ‘Renesas’ with an aim to accelerate the organic growth of the corporate group.”
s part of its growth strategy, Renesas is working to expand its analogue solution line-up and to strengthen its kit solution offerings that combine its MCUs, SoCs and analogue products.
As part of this initiative, the company acquired Intersil in February 2017 and IDT this year “to contribute further towards the growth of solution offerings through acquiring analogue products and business opportunity expansion”, said Renesas.
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