Renesas completes Celeno acquisition – Simply Auto
Semiconductor maker Renesas Electronics mentioned it had accomplished acquisition of Celeno Communications, a supplier of wifi merchandise.
Renesas accomplished the transaction utilizing roughly US$315m (roughly JPY35.9bn at an change charge of JPY114 to the greenback) with fee to be made progressively in money following sure milestones as set forth within the definitive settlement.
Based mostly in Israel, Celeno provides a variety of wi-fi communication merchandise, together with wifi chipsets and software program, for dwelling networks, good buildings, enterprise and industrial markets. Its compact chipset choices for wifi 6 and 6E ship claimed “distinctive” wifi community efficiency and elevated safety with low latency and energy consumption.
“With the addition of Celeno’s trade main wifi applied sciences and software program experience, Renesas will considerably improve its connectivity portfolio,” an announcement mentioned.
Celeno is now an entirely owned subsidiary of Renesas, including a design centre in Israel and R&D employees.