SoC Market to Reach $205.4B by 2023

According to a recent report published by Allied Market Research, titled, “System-on-Chip Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023,” the global system-on-chip market was valued at $117.2 billion in 2016, and is projected to reach at $205.4 billion by 2023, growing at a CAGR of 8.1% from 2017 to 2023. System-on-chip (SoC) applications are majorly adopted in the Asia-Pacific region;…

Renesas to Acquire Intersil for $3.2B

Renesas Electronics Corporation (“Renesas”, TSE: 6723), a premier supplier of advanced semiconductor solutions, and Intersil Corporation (“Intersil”, NASDAQ:ISIL), a leading provider of innovative power management and precision analog solutions, today announced they have signed a definitive agreement for Renesas to acquire Intersil for US$22.50 per share in cash, representing an aggregate equity value of approximately US$3.2 billion…