Renesas acquires Celeno to expand connectivity portfolio
Addition of Wi-Fi 6 & 6E solutions creates end-to-end solutions for addressing connectivity applications for IoT and automotive markets
According to an official press release dated 29 October, Renesas Electronics Corporation announced that it has entered into a definitive agreement with Celeno Communications, a provider of Wi-Fi solutions, under which Renesas will acquire Celeno in an all cash transaction valued at approximately USD315 million, assuming the payment of certain milestone payments as specified in the definitive agreement.
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