Synopsys announced that it has received approval from all necessary authorities to proceed with the acquisition of Ansys, according to a press release on July 14. The parties have outlined that they expect to finalize the transaction around July 17, contingent on the satisfaction or waiver of the remaining customary closing conditions. The intention to acquire Ansys was initially announced by Synopsys on Jan. 16, 2024, and involves a stock and cash transaction. This acquisition will comb...

In a press release on July 8, GlobalFoundries announced a definitive agreement to acquire MIPS, a supplier of AI and processor intellectual property (IP). The acquisition aims to enhance GlobalFoundries' portfolio of customizable IP offerings, allowing it to further differentiate its process technologies with enhanced IP and software capabilities. MIPS recently expanded its processor IP offerings based on the open RISC-V specification, launching the Atlas portfolio, a suite of compute cores f...

NXP Semiconductors announced the completion of its acquisition of TTTech Auto, a supplier of middleware for software-defined vehicles (SDVs), as reported in a press release on June 17. This acquisition follows an agreement announced in January. The combination of NXP's CoreRide platform and TTTech Auto's MotionWise safety middleware is designed to help automakers address integration challenges related to software and hardware. It aims to simplify development processes, enhance scalability a...

According to a press release on June 5, Qualcomm Inc. announced that its subsidiary, Qualcomm Technologies Inc., has finalized the acquisition of Autotalks, a notable entity in the realm of direct vehicle-to-everything (V2X) communication solutions. V2X technology is pivotal for improving road safety and enhancing transportation efficiency. The acquisition allows automakers and related sectors to access a comprehensive range of production-ready, automotive-qualified global V2X solutions ...

Toyota Motor is exploring the possibility of investing in a potential buyout of Toyota Industries, Reuters reported April 27. “We are currently exploring various possibilities, including partial investment,” the Japanese automaker confirmed in a regulatory filing with the Tokyo Stock Exchange on April 26. Meanwhile, a report from Bloomberg on April 25 said that Akio Toyoda, chairman of Toyota Motor, and his founding family have proposed to acquire Toyota Industries for ¥6 trillion (...

Infineon Technologies AG, based in Neubiberg, Germany, has announced its acquisition of Marvell Technology's Automotive Ethernet business for $2.5 billion in cash. This strategic move is aimed at enhancing Infineon's capabilities in the automotive sector, particularly in the area of software-defined vehicles, by integrating Marvell's automotive Ethernet technology with Infineon's existing portfolio of automotive microcontrollers. The acquisition is expected to generate revenue between $225 milli...

SEALSQ Corp., a Nasdaq-listed company specializing in semiconductors, PKI and post-quantum technology, has announced a strategic collaboration with IC'ALPS, an application-specific integrated circuit (ASIC) design house known for its expertise in custom integrated circuits compliant with IATF16949 standards and functional safety for ISO 26262. This partnership comes on the heels of SEALSQ's announcement in February of entering into exclusive negotiations for acquiring IC'ALPS. The acquisiti...

The board of directors of Indian auto components supplier Sandhar Technologies has approved the acquisition of the high-pressure and low-pressure aluminum die-casting businesses of Sundaram-Clayton Ltd. (SCL) at its Hosur, India, plant. The acquisition was made through Sandhar Ascast Pvt. Ltd., a wholly owned subsidiary of Sandhar Technologies, through a slump sale. In February, the SCL board decided to sell its aluminum die-casting businesses at its Hosur plant. The operations approved ...

Lear Corp. has announced the acquisition of StoneShield Engineering, a privately-owned system integrator, based in Castelo Branco, Portugal. Established in 2017, StoneShield Engineering has carved a niche for itself in the automation technology landscape, particularly within the wire harness industry. Its core capabilities include robotics, automated taping applications and high-voltage harness assembly. This acquisition aligns with Lear's Innovative, Digital, Engineered and Automated (IDEA) ...

In a press release on Jan. 15, Onsemi announced that it had completed its purchase of the Silicon Carbide Junction Field-Effect Transistor (SiC JFET) technology business, which includes the acquisition of the United Silicon Carbide subsidiary, from Qorvo. The deal was finalized for $115 million in cash. This strategic acquisition is set to enhance Onsemi's EliteSiC power portfolio, positioning the company to better meet the growing demand for high-energy efficiency and power density in various a...

As reported in a press release on Jan. 6, Ansys and Synopsys made a joint announcement about Ansys' agreement to sell its PowerArtist business to Keysight Technologies. This strategic move comes as a part of efforts to secure regulatory approval for Synopsys' proposed acquisition of Ansys, a transaction that is pending regulatory reviews and is anticipated to conclude in the first half of 2025. PowerArtist, recognized for its role in facilitating low-power innovation within semicond...

In a press release on Jan. 7, NXP Semiconductors has announced its acquisition of TTTech Auto, a Vienna-based firm known for its safety-critical systems and middleware for software-defined vehicles (SDVs), in a $625 million all-cash transaction. This move is part of NXP's strategic efforts to strengthen its position in the automotive and industrial internet of things sectors by enhancing the NXP CoreRide platform. TTTech Auto has been significant in the automotive industry, providing solutions t...

Strattec Security, a company specializing in smart vehicle power access, security and authorization solutions, has announced its plans to list its Milwaukee facility in the US for sale as part of its efforts to evaluate opportunities for upgraded and modernized operations. This evaluation aims to identify optimal spaces for both manufacturing and corporate offices, with a preference for the Milwaukee area, if economically feasible. Alongside this, Strattec intends to shift its Milwaukee manuf...

Hero Electronix’s Tessolve has announced the acquisition of Dream Chip Technologies, a Germany-headquartered semiconductor chip design firm, for up to 4 billion rupees (about $47.47 million), according to a report published by The New Indian Express on Nov. 6. The acquisition marks a significant step for Tessolve, a company founded in Bengaluru, India, as it aims to enhance its leadership in the sector by integrating advanced capabilities in system-on-chip (SoC) designs, particularly for th...

CG Power and Industrial Solutions, a Murugappa group company, announced its decision to acquire the Radio Frequency (RF) Components business from Renesas Electronics Corp. for $36 million, marking CG Power's entry into the semiconductor design sector, as reported by Hindustan Times on Oct. 5. Renesas, a Japan-based provider of advanced semiconductor solutions, reported that its RF Components business generated annual revenue of approximately $56 million in 2023. The acquisition includes ...

As reported in a press release on Sept. 19, Synopsys has announced a definitive agreement to sell its Optical Solutions Group (OSG) to Keysight Technologies Inc., marking a significant shift for both companies. The terms of the sale have not been disclosed, but the completion of this transaction is dependent on several customary closing conditions. These include regulatory review and the successful closure of Synopsys' proposed acquisition of Ansys, which is still awaiting regulatory approval an...

India-based automotive group Uno Minda’s board of directors has approved its plans to acquire a 49% equity stake in Minda Nabtesco Automotive Pvt. Ltd., according to a report published by brokerage firm AngleOne on Sept. 3. Minda Nabtesco Automotive is a joint venture between Japan-based Nabtesco Automotive Corp. and the promoter group entities Minda Finance Ltd. and Minda Investments Ltd. The JV produces air-brake systems and clutch actuation systems for both passenger and commercial vehicles...

Renesas Electronics Corp., known for its advanced semiconductor solutions, and Altium, recognized for its electronics design systems, have jointly announced receiving final approval from the Committee on Foreign Investment in the United States for their proposed merger, as reported in a press release July 1. This authorization, received July 1, marks the clearance of the last regulatory hurdle required to proceed with the merger, following approvals from authorities in Australia, Germany, Tur...

GlobalFoundries (GF) announced the acquisition of Tagore Technology's Power Gallium Nitride (GaN) IP portfolio, as reported in a press release July 1. This acquisition marks a significant expansion of GF's power management solutions, especially in high-power density applications critical to the automotive and other sectors. The addition of Tagore Technology's GaN technology underscores GF's commitment to advancing power efficiency and performance as digital technologies, particularly Generative ...

Renesas Electronics has completed the previously announced acquisition of Transphorm, a US-based company specializing in gallium nitride (GaN) power semiconductors, the Japanese supplier said in a press release June 20. The acquisition allows Renesas to expand its offerings to include GaN-based power products and related reference designs, responding to the increasing demand for wide bandgap semiconductor (WBG) products. WBG materials like GaN and silicon carbide (SiC) are essential for next-...

Microchip Technology has announced the completed acquisition of Seoul, South Korea-based VSI Co. Ltd., a provider of high-speed, asymmetric, camera, sensor and display connectivity technologies and products based on the Automotive SerDes Alliance (ASA) open standard for in-vehicle networking (IVN). The terms of the transaction are not disclosed, as reported in a press release on April 11.  “This acquisition brings VSI’s knowledgeable team, their market traction and ASA Motion Link [A...

Betamek Bhd. has entered into a share purchase agreement with Outsourcing Inc. to acquire Sanshin (Malaysia) Sdn. Bhd. for a cash consideration set at RM13.4 million (about $2.8 million), it said in a press release on April 1. Sanshin manufactures car audios and other electronics components, serving markets in Malaysia, Japan, Hong Kong and Thailand. This acquisition will position Sanshin as a wholly-owned subsidiary of Betamek, expanding Betamek's customer base. The acquisition wil...

According to a press release on March 21, Siemens has agreed to acquire the IDT portfolio of ebm-papst, a German company specializing in industrial drive technology. The acquisition is expected to generate significant business potential in the areas of flexible and autonomous factory automation, with the integration of IDT's portfolio into Siemens' existing automation portfolio. The transaction is subject to foreign trade and merger control approvals and is expected to be completed by mid-2025. ...

Naxnova, a design and technology company, has acquired Quad Industries Belgium, a leading player in the printed electronics sector, for rupees 0.9 billion ($10.08 million). This acquisition marks a strategic move for Naxnova as it expands its market presence and solidifies its offering. Quad Industries Belgium develops and manufactures user interfaces and other printed solutions for various sectors, including medical, wearables, consumer goods, and automotive. The acquisition brings together ...

Synopsys has acquired Intrinsic ID, a provider of Physical Unclonable Function (PUF) IP. The acquisition adds PUF IP to Synopsys' broad semiconductor IP portfolio, enabling designers to protect their systems-on-chips (SoCs) by generating a unique identifier on chip using the inherent and distinctive characteristics of every silicon chip, according to a March 20 press release. "In our increasingly connected world, chip designers are integrating PUF technology in their SoCs for many application...

Renesas Electronics, a Japanese electronics company, has announced its plan to acquire Altium, an Australian-based electronics design firm, for US$5.9 billion in cash, as reported by Reuters on Feb. 15. The acquisition is expected to enhance Renesas' ability to offer digital device design to its customers, particularly in the automotive industry. Renesas proposed to pay A$68.50 per Altium share, marking a 34% premium over Feb. 14's closing price. The financing will be sourced from existing cash ...

Humanetics and Ansys have entered into a definitive agreement whereby Ansys will acquire a minority stake in Humanetics. The transaction is subject to regulatory approvals and is part of an existing partnership between the two companies, as read in a press release on Jan. 23. Humanetics is a leading provider of physical and digital human-safety systems and sensor technologies, including anthropomorphic test devices (ATDs) and innovative ergonomics software solutions. Ansys, a global private e...

In a mega merger announcement, two large firms Synopsys and Ansys announced that they have entered into a definitive agreement under which Synopsys will acquire Ansys. Under the terms of the agreement, Ansys shareholders will receive $197.00 in cash and 0.3450 shares of Synopsys common stock for each Ansys share, representing an enterprise value of approximately $35 billion based on the closing price of Synopsys common stock on Dec. 21, 2023. Bringing together Synopsys' pioneering semiconduct...

Renesas Electronics Corp. and Transphorm, a supplier of gallium nitride (GaN) power semiconductors, announced that they have entered into a definitive agreement pursuant to which a subsidiary of Renesas will acquire all outstanding shares of Transphorm’s common stock for $5.10 per share in cash, according to a press release on Jan. 11. The transaction values Transphorm at approximately $339 million. The acquisition will provide Renesas with in-house GaN technology, a key next-generation mat...

At Consumer Electronics Show (CES) 2024, Intel announced plans to expand its mobility business. According to a company press release dated Jan. 9, the chipmaker said that it is looking to acquire Silicon Mobility, a fabless silicon and software company specializing in system-on-chips (SoCs) for intelligent electric vehicle energy management. Intel has also revealed a new family of AI-enhanced, software-defined vehicle (SDV) SoCs, with Zeekr as the first original equipment manufacturer to adopt t...

Jabil has closed the transaction to divest its Mobility business to BYD Electronic (International) Co., it said in a press release dated Dec. 29, 2023. The consideration is $2.2 billion in cash. The deal was first announced in Sept. 26, 2023. “We are pleased to successfully close this transformational deal and I am confident that this is the right step forward for Jabil. The net proceeds will enable us to enhance our shareholder-centric capital framework, including incremental share buyback...

Mobix Labs, a fabless semiconductor company, has completed the acquisition of EMI Solutions, an Irvine, Calif.-based manufacturer of electromagnetic interference filtering products, according to a press release on Dec. 19. This strategic move allows Mobix Labs to expand its customer base and gain access to new high-reliability (HiRel) markets, as EMI Solutions is recognized as a leading small business manufacturer of EMI filtering products. Terms of the transaction were not disclosed. ...

Toyota Motor and two affiliated companies plan to sell approximately 10% of their shares in Denso, an auto-parts supplier, worth about ¥700 billion (about $4.7 billion) by the end of November, according to a Nikkei Asia report on Nov. 29. The move aims to reduce cross-shareholding and free up funds for electric vehicle investments. Toyota Motor currently holds about 24% of Denso's total shares, while Toyota Industries owns 9% and Aisin holds 2%. The Japanese automaker plans to lower its hold...

In a press release announcement on Nov. 22, Broadcom said that it has completed its acquisition of VMware Inc. VMware's common stock will now cease to be traded on the NYSE. Hock Tan, president and CEO of Broadcom, said, "We are excited to welcome VMware to Broadcom and bring together our engineering-first, innovation-centric teams as we take another important step forward in building the world's leading infrastructure technology company. With a shared focus on customer success, together we a...

Technology company Heraeus has acquired a significant stake in the startup company Zadient, it said in a press release dated Nov. 13. Zadient is a French-German company specializing in Silicon Carbide (SiC) source material and Heraeus considers the market of SiC-base material highly relevant and a suitable addition to its operations. Zadient aims to accelerate its growth through the partnership with Heraeus. “We are very excited to be partnering with an industry leader like Heraeus. Th...

Jabil Inc., a global leader in design, manufacturing and supply chain solutions, has successfully acquired Retronix, an innovative provider of electronic component reclamation and refurbishment services, according to a press release dated Nov. 6. The acquisition, which was completed in early 2023, adds exclusive technologies to Jabil's portfolio while maintaining security, quality and certification standards. Retronix, with 30 years of experience in component recovery, rebelling, retinning an...

Ford Motor Co. plans to acquire energy-management startup Auto Motive Power (AMP) to boost its electric vehicle charging, battery management and power-conversion technology capabilities, according to a news report published by TechCrunch on Nov. 2. Following the deal and completion of acquisition process, the Los Angeles-based startup will cease to exist, the report said, adding that Ford plans to scoop up the startup’s technology, talent and facility in Santa Fe Springs, Calif., to ad...

Onsemi has announced the completed expansion of its Silicon Carbide (SiC) fabrication facility in Bucheon, South Korea, according to a press release on October 24. At full capacity, this fab will be able to manufacture more than 1 million 200-mm SiC wafers per year. To support the ramp in SiC manufacturing capacity, Onsemi plans to hire up to 1,000 local employees over the next three years to fill the mostly highly technical positions — a more than 40% increase over the present workforce ...

According to a press release on October 4, Infineon Technologies AG, a Germany-based semiconductor company, has acquired 3db Access AG, a Swiss startup specializing in secured low-power, ultrawide-band (UWB) technologies. The acquisition enhances Infineon's portfolio for secured smart access, precise localization and enhanced sensing, adding UWB to its existing connectivity range of Wi-Fi, Bluetooth, Bluetooth Low Energy and near-field communications (NFC) solutions.  Thomas Rosteck, pre...

Jabil Inc. announced on September 26 the signing of a definitive agreement to divest its Mobility business to BYD Electronic (International) Company Limited (BYDE) in a cash transaction valued at $2.2 billion. The definitive agreement follows a preliminary agreement announced by the two companies on August 27, 2023. As part of the agreement, Jabil’s Mobility business, which manufactures components for consumer electronics, will transfer to BYDE. The business is mainly located in Chengdu and...

Indie Semiconductor has completed the acquisition of Swiss photonics company Exalos, it said in a press release on September 18. Indie paid about $45 million to Exalos shareholders and could pay an additional $20 million if certain revenue-based performance targets are exceeded over a 24-month, post-closing period. “[Exalos'] differentiated solutions immediately expand [Indie’s] [advanced driver assistance systems, or ADAS] and User Experience product and technology offering to our g...

In a press release announcement on September 12, Intel Corp. has agreed to sell an approximately 10% stake in the IMS Nanofabrication business (IMS) to TSMC. TSMC’s investment values IMS at approximately $4.3 billion, consistent with the valuation of the recent stake sale to Bain Capital Special Situations (Bain Capital). Intel will retain majority ownership of IMS, which will continue to operate as a stand-alone subsidiary under the leadership of CEO Elmar Platzgummer. The transaction is...

Intel has agreed with Tower Semiconductor to terminate the agreement to acquire Tower, according to a company press release dated August 16. The termination is due to the inability to obtain the regulatory approvals required.​ Intel will pay a termination fee of $353 million to Tower. “We are executing well on our roadmap to regain transistor performance and power performance leadership by 2025, building momentum with customers and the broader ecosystem and investing to deliver the geogra...

HCLTech announced that it has signed a definitive agreement to acquire 100% equity stake in ASAP Group, an automotive engineering services provider. The transaction is subject to relevant regulatory approvals and is expected to close in September 2023, according to a press release July 12.  Headquartered in Ingolstadt, Germany, ASAP is focused on automotive technologies in areas such as autonomous driving, e-mobility and connectivity. ASAP serves automotive original equipment manufa...

Kongsberg Automotive AS (KA) has signed an agreement to acquire 20% of the shares in Chassis Autonomy SBA AB (Chassis Autonomy) via a directed rights issue. The agreement further includes call options to acquire up to 100% of the total outstanding shares within 2027, according to a press release July 11. Additionally, KA has entered an exclusive partnership collaboration with Chassis Autonomy to support the continued growth of the company and unlock its market potential. Chassis Autonomy spec...

Elmos has entered into a definitive agreement with Littelfuse to sell its 200 mm Dortmund wafer fab in Germany for around €93 million ($101.7 million), according to a press release dated June 28. The companies have agreed to enter into a defined multi-year capacity sharing arrangement with an initial term lasting through 2029, with Elmos buying defined volumes of wafers produced at the fab. “The sale of this wafer fab is an important structural alignment to our strategy, and over time, al...

In a press release dated June 21, Intel announced that it has agreed to sell an approximately 20% stake in its IMS Nanofabrication GmbH (IMS) business to Bain Capital Special Situations (Bain Capital), in a transaction that values IMS at approximately $4.3 billion. The transaction is expected to close in the third quarter of 2023. IMS will operate as a stand-alone subsidiary and will continue to be led by CEO Elmar Platzgummer. Since inventing multi e-beam technology and introducing the ...

Renesas has completed the acquisition of Panthronics AG, a fabless semiconductor company specializing in high-performance wireless products, it said in a press release June 2. The deal was first announced in March 2023. Renesas said it would acquire Panthronics in an all-cash transaction. “We are excited to welcome the Panthronics team to Renesas and announce 13 Winning Combinations showcasing the technological synergy between the companies on the same day. These Winning Combinations u...

According to a press release dated June 1, Veoneer has announced the completion of the sale of its Active Safety business to Magna, a mobility-technology company and one of the largest suppliers in the auto industry. The transaction was first announced Dec. 20, 2022. "Today is a great day for all stakeholders of Veoneer's Active Safety business. The combination with Magna will create a leading global supplier for [advanced driver assistance systems, or ADAS] and secure a compelling long-term ...

According to a press release May 16, Ansys announced that it has entered into a definitive agreement to acquire Diakopto, a differentiated electronic design automation (EDA) solutions provider to accelerate integrated circuit (IC) development. Diakopto focuses on helping resolve critical issues caused by layout parasitics. The transaction is subject to the satisfaction of customary closing conditions and is expected to close in the second quarter of 2023. It is not expected to have a m...

Helios Technologies, a motion-control and electronic-controls technology supplier, has announced an agreement to acquire i3 Product Development (i3), according to a press release on May 4. i3 is a custom engineering services firm specializing in electronics, mechanical, industrial, embedded and software engineering. Additionally, they specialize in working to transform customers’ ideas into industrial design solutions through rapid prototyping and creating 3D models in-house. Significanc...

Qualcomm announced it would buy Israel's Autotalks Ltd., which makes chips used in technology aimed at preventing vehicle crashes, as the US firm looks to deepen its automotive business, said a Reuters report dated May 8. With an increasing number of electric vehicles (EVs) and automatic features in cars, the number of chips used by automakers is surging, making the automotive market a key growth area for chipmakers. Autotalks makes dedicated chips used in the vehicle-to-everyt...

Germany's Bosch Group has agreed to buy key assets of California chip manufacturer TSI Semiconductors and invest $1.5 billion to expand US production of Silicon Carbide (SiC) chips for electric vehicles (EVs), according to a report published by Reuters on April 26. The acquisition price was not disclosed by Bosch or TSI. Bosch intends to invest $1.5 billion in retooling TSI's chip production facilities in Roseville, Calif., in order to begin manufacturing SiC chips by 2026. According ...

Renesas Electronics has entered into a definitive agreement to acquire Panthronics AG, a fabless-semiconductor company, it said in a press release dated March 22. Renesas will acquire Panthronics in an all-cash transaction. Panthronics specializes in high-performance wireless products. The acquisition is expected to close by the end of the calendar year 2023. “Connectivity has been a priority area of ours, expanding and differentiating the realm of solutions we offer. We see tremendous oppo...

In a press release dated 6 March 2023, NI has announced the acquisition of SET GmbH, a recent innovator in power semiconductor reliability test. Together, the companies will reduce time to market for critical, highly differentiated solutions and accelerate semiconductor-to-transportation supply-chain convergence with power electronic materials such as silicon carbide (SiC) and gallium nitrite (GaN). NI funded this transaction through cash on hand. NI initially disclosed a strategic ...

Infineon Technologies and GaN Systems has announced that the companies have signed a definitive agreement under which Infineon will acquire GaN Systems for USD830 million, according to a press release on 2 March 2023. “GaN technology is paving the way for more energy efficient and carbon dioxide (CO2) saving solutions that support decarbonization. Adoption in applications like mobile charging, data center power supplies, residential solar inverters, and onboard chargers for electric vehicle...

US-based indie Semiconductor has acquired Silicon Radar, a Germany-based specialist in advanced system-on-chip (SoC) for automotive radars, the company said in a press release on 22 February. Established in 2006, Silicon Radar supplies high frequency integrated circuits (ICs) for radar solutions, phased-array systems, and wireless communications. The company’s ICs are suitable for 24 GHz to 140GHz radars. “The growing number of radars per vehicle require high-performance and highly integr...

According to a press release on 13 February 2023, Ouster and Velodyne has announced the successful completion of their merger of equals, effective 10 February 2023. The combined company will keep the name Ouster and continue to trade on New York Stock Exchange under the ticker ‘OUST’. Key strengths of the combined company: Wide product portfolio including Ouster OS and DF series sensors, Velodyne Lidar sensors, and Ouster Gemini and Bluecity software Expanded partner ecosystem and...

indie Semiconductor has announced it has entered a definitive agreement to purchase GEO Semiconductor, according to a press release on 9 February 2023. Acquisition of GEO, a private fabless semiconductor supplier, adds immediate scale to indie’s image processing program and enables true sensor fusion of radar, lidar, ultrasound, and computer vision solutions in advanced driver assistance systems (ADAS) applications. The transaction is expected to close in the first quarter of 2023, subject ...

The automotive technology company Veoneer has announced that it has entered into an agreement with Magna International to acquire Veoneer's Active Safety business from SSW Partners, a New York based investment partnership for USD1.525 billion in cash, subject to working capital and other customary purchase price adjustments, according to a press release on 20 December 2022. Veoneer's expertise in active safety and product portfolio, combined with Magna's Advanced Driver Assistance Systems (AD...

HELLA has completed the exit from the joint venture HBPO Beteiligungsgesellschaft, it said in a press release dated 12 December. Following approval from the authorities, 33.33% share in the joint venture has been successfully transferred to the previous coshareholder Plastic Omnium. The purchase price amounts to EUR290 million (USD305 million), with a dividend of about EUR8 million. Significance: The deal was first announced in July this year. Plastic Omnium acquired AMLS on 25 March 2022 to ...

Michigan-based global automotive component supplier BorgWarner Inc. has acquired Switzerland-headquartered Drivetek AG for CHF35 million (USD37.31 million), the company announced on 2 December 2022. BorgWarner said that while it has paid CHF25 million (USD26.65 million) at the closing of the transaction, the remaining amount of CHF10 million  would be paid in the form of contingent payments over the next three years. Commenting on the acquisition, Frédéric Lissalde, President and CE...

Aptiv has completed the acquisition of an 85% equity stake in Intercable Automotive Solutions from Intercable S.r.l, according to a press release on 1 December 2022. As an industry leader in high-voltage power distribution and interconnect technology, Intercable Automotive Solutions will enhance Aptiv's position as a global leader in vehicle architecture systems. The transaction is valued at EUR595 million, subject to customary post-closing adjustments, and is expected to be accretive to earn...

onsemi has completed the sale of its Niigata, Japan facility to JS Foundry K.K., it said in a press release on 1 December. JS Foundry K.K. will use the site as the foundation for its new foundry business in Japan. onsemi has also entered into a wafer supply agreement with JS Foundry to continue existing wafer fabrication at the site. “After an in-depth search for a buyer for the last two years, we are confident to have found the right partner for the facility in JS Foundry K.K. As always, w...

Ouster and Velodyne announced that they have entered into a definitive agreement to merge in an all-stock transaction, according to a press release by Velodyne Lidar on 7 November 2022. The proposed merger is expected to drive significant value creation and result in a strong financial position through product offerings, increased operational efficiencies, ​​and a complementary customer base in fast-growing end-markets. The combined company has an intellectual property portfolio of 173 grant...

Vishay Intertechnology has announced that it acquired MaxPower Semiconductor for USD50 million, according to a press release published by GlobeNewsWire on 31 October. Marc Zandman, executive chair of the Board, Vishay, said “As Vishay orients the company for growth, innovation will play an important role, and we plan to intensify business development activities focused on acquiring technologies that offer attractive opportunities to expand our product portfolio and strengthen our competitiv...

Renesas Electronics has announced that it has completed the acquisition of Steradian Semiconductors Private Limited, a fabless semiconductor company providing 4D imaging radar solutions, according to a press release on 17 October 2022. Automotive sensor fusion is becoming more and more popular as advanced driver assistance systems (ADAS) technology advances in the automotive industry. This technology combines data from various sensors, including cameras, radar, and lidar, to precisely and acc...

Velodyne Lidar has announced in a press release on 4 October 2022, the comapny has acquired Bluecity, a Montreal-based artificial intelligence (AI) software company whose next-generation, lidar-based solutions solve safety, traffic, and infrastructure issues. The company said that all-stock purchase highlights Velodyne's dedication to helping customers succeed by offering AI-driven autonomous vision solutions. The addition of Bluecity is expected to be immaterial to operating expenses and cas...

According to Bosch’s press release announcement on 22 September 2022, Bosch has planned to acquire the Netherlands-based radio frequency specialist ItoM. Bosch is growing its team of ‘System on chip’ (SoC) specialists. SoC, or special semiconductors, are being employed more often in the control systems for the automobile sector. The technology company seeks to bolster its development competence for high-frequency processing SoC with the anticipated purchase of Semiconductor Ideas to the...

KPIT Technologies has announced the acquisition of Technica Engineering, it said in a press release on 21 September. The deal is expected to close by the end of October 2022, following which Technica Engineering will be fully owned by KPIT Technologies. The deal will be EPS accretive. “Mobility industry is using software to drive innovation and is creating a post-vehicle sale business model driven by delivering services to end consumers. We are constantly looking for possibilities to help a...

According to Aptiv’s press release announcement on 13 September 2022, Aptiv has signed a definitive agreement to acquire an 85% equity stake in Intercable Automotive Solutions, a subsidiary of Intercable S.r.l., for EUR595 million (USD599 million), subject to customary post-closing adjustments. The acquisition is expected to be completed by the end of 2022, subject to regulatory approval and other standard closing conditions. Intercable Automotive will operate as a separate business unit wi...

HARMAN International has announced the acquisition of CAARESYS, an Israel-based company founded in 2017 that develops vehicle passenger monitoring systems powered by contactless, low-emission radar, according to a press announcement by HARMAN on 6 September 2022. Building on the company's robust consumer-focused advanced driver assistance system (ADAS) and Digital Cockpit solutions, HARMAN's automotive product portfolio will be strengthened by the in-cabin radar sensor and algorithm solution ...

Renesas Electronics has announced that it has entered into a definitive agreement to acquire Steradian Semiconductors Private Limited, a fabless semiconductor company based in Bengaluru, India, that provides 4D imaging radar solutions, in an all-cash transaction, according to a press release on 31 August 2022. Automotive sensor fusion is becoming more and more popular as advanced driver assistance systems (ADAS) technology advances in the automotive industry. This technology combines data fro...

According to a press release on 22 August 2022, Semikron and Danfoss Silicon Power have completed the merger to form Semikron-Danfossmerge, the majority owned by Danfoss. With a current workforce of more than 3,500 devoted experts in power electronics, Semikron Danfoss will provide technological know-how. The merger opens the door for green growth and a more sustainable, energy-efficient, and decarbonized future by coming with a solid growth plan and a firm commitment to future investmen...

Hyundai Motor is exploring raising its share in or fully acquiring the South Korea based autonomous mobility platform 42dot Inc. This is the latest indication of Hyundai Motor's growing interest in the rapidly expanding industry, according to a report published by TechCrunch on 1 August 2022. A 42dot representative confirmed that the company is in discussions with Hyundai Motor but cautioned that parameters, such as investment size and deal pricing, hadn't yet been finalized. Hyundai Motor...

Renesas Electronics has completed the acquisition of Reality Analytics (Reality AI), it said in a press release on 20 July. Reality Analytics develops embedded AI solutions. Following the completion, Reality AI became an indirect wholly owned subsidiary with Renesas now employing Reality AI's team of AI experts and possessing an AIoT research and developmen (R&D) center-of-excellence in Maryland, US. Significance: Though the consideration amount was not disclosed, it was an all-cash ...

Sensata Technologies has announced that it has completed the previously announced acquisition of Dynapower Company LLC, a provider of energy storage and power conversion solutions from private equity firm Pfingsten Partners for USD580 million in cash, according to a press release on 13 July 2022. “We are very pleased to bring Dynapower’s leading energy storage and power conversion solutions into Sensata’s portfolio through this acquisition,” said Jeff Cote, CEO and president of Sensat...

Sensata Technologies has announced that it has sold its Qinex semiconductor thermal test and control business to Boyd Corporation for total consideration of USD219 million, including a small secondary closing, according to a press release on 1 June 2022. The Qinex division of Sensata produces thermal control products and sockets for semiconductor burn-in tests. In 2012, Sensata's semiconductor interconnect division and Wells-CTI combined to establish the company. Prior to this transaction, Se...

Hangzhou-based Inventronics has announced via press release on 15 June that it concluded an agreement to acquire ams OSRAM’s Digital Systems business in Europe and Asia.   Dr. Gernot Steinlesberger, Head of OSRAM Digital Systems Europe and Asia, said, “We look forward to joining the Inventronics family. Both companies have a deep market knowledge and customer understanding, and that combined with our strong European and Asian presence will enable us to continue to deliver excellent q...

Renesas Electronics Corporation has announced it has entered into a definitive agreement to acquire Reality Analytics, Inc. (Reality AI), in an all-cash transaction, according to a press release published Renesas on 9 June.   Hidetoshi Shibata, president and CEO of Renesas, said, “The importance and demand of data at the endpoint is increasing at an unprecedented scale. The acquisition of AI technology is an important milestone to address our customers’ emerging requirements for endp...

Gentherm has announced via press release on 4 May it entered into a definitive purchase agreement to acquire automotive seating business of Alfmeier Präzision SE (Alfmeier) for EUR177.5 million (USD186.69 million). Gentherm expects to achieve around USD10 million in annual run-rate cost savings in addition to revenue synergies, press release added. Andreas Gebhardt, CEO of Alfmeier, said, “I am excited to see the combination of two unique system design companies with integrated hardware...

Kongsberg Automotive has completed the sale of its Light Duty Cables (LDC) business unit to line cable manufacturer, Suprajit Engineering Limited, according to a press release on 6 April 2022. In October 2021, Kongsberg Automotive and Suprajit entered into a definitive agreement, and the deal closed on 6 April 2022 for EUR37.7 million (USD41.4 million). The LDC business unit of the company specializes in developing, manufacturing, and selling mechanical and electro-mechanical light-duty cable...

Qualcomm Technologies has completed the acquisition of Arriver from US-based investment partnership SSW Partners, according to Qualcomm’s official press release on 4 April 2022. The company said that the acquisition would enhance Qualcomm Technologies’ ability to deliver open, fully integrated, and competitive advanced driver assistance system (ADAS) solutions to automakers and tier-1 suppliers at scale. Additionally, Veoneer and Qualcomm Technologies have entered into a new agreement tha...

The US-based investment partnership SSW Partners has concluded the acquisition of automotive parts supplier Veoneer for USD37 per share in an all-cash transaction of USD4.6 billion worth of equity, according to a press release on 1 April 2022. Veoneer's Arriver company is expected to be sold to Qualcomm, while Veoneer's tier-1 supplier and integrator businesses will be retained by SSW Partners. The sale of the Arriver business by Qualcomm and SSW Partners is expected to close on 4 April ...

French automotive supplier Plastic Omnium announced on 29 March 2022 that it has entered into exclusive negotiations with ACTIA Group to acquire its ACTIA Power division, which specializes in the design and production of batteries, power electronics and electrification systems for electric vehicles (EVs). While Plastic Omnium did not disclose the investment it has earmarked to acquire ACTIA Power, it said that it aims to build a complete range of energy management solutions for all types of engi...

SEMIKRON and Danfoss Silicon Power have announced a merger to form a Power Electronics business focused on power semiconductor modules. The company said that electricity will be the most essential energy source in the future. All power electronic solutions are built around the power semiconductor module. Power semiconductors are used to construct the module, which allows it to convert and control electrical power. The current owner-families of SEMIKRON and the Danfoss Group will own the ne...

The US-based Luminar Technologies is acquiring high-performance laser manufacturer Freedom Photonics, according to an official press release on 21 March 2022. With this acquisition, Luminar now has access to next-generation chip-scale laser technology, intellectual property, and production capabilities. “Component-level innovation and integration is critical to our performance, cost and continued automotive technology leadership. Bringing Freedom Photonics into Luminar enables a new level o...

Volex acquires 51% stake in inYantra Technologies Pvt Ltd. for USD13 million, according to a press release published by Volex on 7 March. The transaction includes purchase of land and the operational buildings used by inYantra, in Pune, India.   Nat Rothschild, executive chairman of Volex, said, "This transaction offers an excellent strategic opportunity to expand our global footprint, which is consistent with our strategy, and will bring new and strengthened capabilities in the key Indi...

AMD completes the acquisition of Xilinx Semiconductors in an all-stock transaction that was announced on 27 October 2020, according to a press release published by AMD on 14 February 2022. The transaction creates a powerhouse that enables AMD with a significantly strong foothold. Dr Lisa Su, president and CEO, AMD, said, “The acquisition of Xilinx brings together a highly complementary set of products, customers, and markets combined with differentiated IP and world-class talent to cre...

KYOCERA AVX acquires ROHM Semiconductor’s tantalum and polymer capacitor business assets, according to a press release published by GlobeNewsWire on 4 March. The transfer of assets is scheduled to be executed on 5 August 2022. Johnny Sarvis, CEO, KYOCERA AVX, said, “KYOCERA AVX is excited to announce the acquisition of ROHM Semiconductor’s tantalum and polymer capacitor business assets and to further expand our already extensive portfolio of electrolytic capacitor solutions. KYOCER...

onsemi signed a definitive agreement with Diodes Incorporated on the divestiture of its Maine fab, according to a press release published by onsemi on 28 February. The company previously closed on the sale of its wafer fabrication facility in Oudenaarde, Belgium.   Hassane El-Khoury, president and chief executive officer of onsemi, said, “The proposed divestitures show that we are well on our way to achieve an optimized manufacturing network while supporting our customers with long-ter...

Intel Corporation acquires Tower Semiconductor representing total enterprise value of approximately USD5.4 billion, the company announced in a press release on 15 February. Dr. Randhir Thakur, president of Intel Foundry Services, said, “We are thrilled to welcome the Tower team to Intel. Their decades of foundry experience, deep customer relationships and technology offerings will accelerate the growth of Intel Foundry Services. We are building Intel Foundry Services to be a customer-first ...

Faurecia announces the completion of lighting and electronics specialist HELLA’s acquisition after receiving all necessary regulatory approvals, it said in a press release on 31 January. Through the transaction, Faurecia acquired 79.5% of the shares in HELLA, including the 60% share package of the HELLA pool shareholders as well as around 19.5% as part of the public takeover offer ended on 11 November 2021.   Patrick Koller, CEO, Faurecia, said, "HELLA and FAURECIA complement each othe...

Aptiv has announced a definitive agreement to acquire Wind River from TPG Capital for USD4.3 billion, a company press release dated 11 January read. Aptiv said it would finance the deal, which is expected to close mid-2022, through a combination of cash and debt. The acquisition will enable Aptiv expand its software mobility business by leveraging Wind River’s intelligent systems software platform and other assets. “With Aptiv and Wind River’s synergistic technologies and decades of exp...

According to an official press release dated 2 December, the Federal Trade Commission filed a lawsuit to prevent U.S. chip supplier Nvidia Corp. from acquiring UK chip design provider Arm Ltd. for USD40 billion. Semiconductor chips power the computers and technologies that are so important to our modern economy and society. The proposed vertical deal would give one of the largest chip companies control over the computing technology and designs that rival firms use to develop competing chips...

Infineon Technologies (Malaysia) has announced the acquisition of Syntronixs Asia, according to a company press release on 29 November. Syntronixs Asia is a Malaysia-based electroplating company. The terms of the deal were not disclosed. “Through this acquisition, we have made another important step to strengthen the resilience of our supply chain,” said Thomas Kaufmann, EVP and COO of Infineon’s Automotive Division. “Infineon is committed to taking the necessary steps to continuou...