Renesas gets CFIUS approval for IDT buy

Renesas and IDT have received final regulatory approval for Renesas’ proposed acquisition of IDT. The acquisition is expected to close at the end of March 2019.

Renesas Electronics Corp. has received notification by the Committee on Foreign Investment in the United States (CFIUS), that the investigation of the companies’ proposed merger transaction is complete. There are no unresolved national security concerns with respect to the transaction, a press release from Renesas states. The approval by CFIUS was the last outstanding regulatory authorisation required to complete the transaction. Antitrust clearance decisions have previously been obtained for the transaction from antitrust authorities in China, Germany, Hungary, South Korea and the United States. IDT stockholders have already voted to adopt the merger agreement and approve the transaction in January 2019. All necessary regulatory approvals for the acquisition have now been received and the transaction is expected to complete on March 29, 2019 PDT, subject to customary closing conditions.

JEOL Ltd. , manufacturer of semiconductor equipment and other industrial instruments and equipment, announced the acquisition of Integrated Dynamic Electron Solutions Inc. (IDES), an entrepreneurial venture specializing in technologies related to transmission electron microscopy (TEM).

NEXT Biometrics has received an order for UIDAI and STQC certified fingerprint biometric readers in India with a value of USD 750,000.

Cadence Design Systems, Inc. has completed the acquisition of AWR Corporation from National Instruments Corporation.

A new competitor in the industry for electric vehicles are in the making.

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Evertiq is continuing on its growth path. The rapid growth of recent years, both in terms of turnover and employee numbers, will now be followed by accompanying structural set-up of the company.

Collins Aerospace Systems has signed a contract with Lockheed Martin to provide critical subsystems to support production of NASA’s Orion spacecraft fleet for Artemis missions III through VIII.

Imagination Technologies has opened a new design centre in Timisoara, Romania. The centre will focus on IP designed for artificial intelligence (AI) and computer vision.

As part of the further integration into the Schurter Group, AKI Electronic spol. s r.o. changes its name to SCHURTER Electronics spol. s r.o.

Automotive semiconductor company, Silicon Mobility, has appointed former Robert Bosch GmbH executive Rainer Kallenbach as CEO of the company as of January 6, 2020. The current CEO Bruno Paucard will remain with the company as COO and on the Board of Directors.

NEXT Biometrics says it is executing a program to optimise the organisation and cost base with its strategic priorities and market opportunities; which also translates to layoffs

In December, LPKF delivered – for the first time – a highly automated version of its LIDE system for integration into a semiconductor fab to an unnamed semiconductor manufacturers.