Renesas to acquire Panthronics

Renesas Electronics Corp., a premier supplier of advanced semiconductor solutions, announced its wholly owned subsidiary has entered into a definitive agreement with the shareholders of Panthronics AG, a fabless semiconductor company specializing in high-performance wireless products. The acquisition will enrich Renesas’ portfolio of connectivity technology, extending its reach into high-demand Near-Field Communication (NFC) applications in fintech, IoT, asset tracking, wireless charging, and automotive applications.

NFC has emerged as a de facto standard in the digital economy and touches many aspects of daily life. Fintech, such as mobile point-of-sale (mPoS) terminals and contactless payment, IoT, asset tracking, and wireless charging are highlights of NFC’s increasing presence. Headquartered in Graz, Austria, Panthronics has been offering advanced NFC chipsets and software that are easy to apply, innovative, small-in-size, and highly efficient for payment, IoT, and NFC wireless charging. Renesas and Panthronics have been addressing the rising demand of NFC as partners since 2018. Acquiring Panthronics’ competitive NFC technology will provide Renesas with in-house capability to instantly capture growing and emerging market opportunities for NFC.

“Connectivity has been a priority area of ours, expanding and differentiating the realm of solutions we offer,” said Hidetoshi Shibata, president and CEO of Renesas. “We see tremendous opportunities for Panthronics’ NFC connectivity technology to benefit our customers in growing areas that span across fintech, IoT, and automotive spheres.”