Wu Wenjing, Regenta's representative director, president and chief executive officer, said: 'With the consolidation of Intersil, we are taking a solid step forward in our efforts to maximize the full potential of our integrated business, Customers provide a large, stable and comprehensive product portfolio, and Renesas Electronics will further strengthen and strengthen its leadership in the global semiconductor market as its product offering capabilities worldwide increase. "
Renesas Electronics executive vice president Renesas Electronics America President Neil Sayell, Intersil president, chief executive officer and director Necip Sayiner said: "Renesas Electronics and Intersil integration has entered a substantive phase, we have begun to operate as a company. We are right Product portfolio, technology and human resources fully integrated with a view to maximize the synergy effect of mergers and acquisitions, which will enable us to expand our business in a broader market space and provide complete system solutions to help customers speed time-to-market. "
(1) Incorporation and Company Name Change for U.S.-Based Corporate As of January 1, 2018, Intersil will complete its absorption consolidation with Renesas Electronics America, a US subsidiary of Renesas Electronics, and will use Intersil as a surviving company. Will be renamed Renesas Electronics America.
Prior to the integration of this corporate entity, Renesas Electronics implemented a transition to a new organizational structure in July 2017 to accelerate the consolidation of Intersil, aiming to break the traditional Japanese-centric business management Model for global operations that are not limited to geographies, so as to achieve a truly global company that targets 'One Global Renesas'.
(2) New Brand Policy The Renesas Electronics brand will be used by all its global affiliates in 2018. After the corporate entity has been integrated, all Renesas affiliates and offices in the United States will use the Renesas logo. Reshaping the Branches of Other Branches All regional Intersil products will be renamed Renesas Products as of January 2018 except for the following products: (1) products currently under production or development (Note); and (2) Defense and aerospace products.
(Note) New products, excluding national defense and aerospace products, will be renamed Renesas Products, where new products do not include either simple derivatives of existing products or products with only minor revisions.
(3) Incorporating Intersil's Subsidiaries At the same time, Renesas Electronics will continue to consolidate its regional affiliates. As of January 2018, all other Intersil subsidiaries will in principle begin to use the company name beginning with 'Renesas' and thus Accelerate the organic growth of the corporate group as 'One Global Renesas'.