Renesas Electronics completed the acquisition of Dialog Semiconductor for $5.9bn.

Renesas Electronics, a supplier of advanced semiconductor solutions, completed the acquisition of Dialog Semiconductor, a provider of power management, charging, AC/DC power conversion, Wi-Fi and Bluetooth low energy technology, for $5.9bn. “The transaction we announced today represents our next important step in catapulting Renesas’ growth plan to achieve substantial strategic and financial benefits, following our previous acquisitions. Dialog has a strong culture of innovation along with excellent customer relationships and serves fast growing areas including IoT, industrial and automotive. By bringing Dialog’s talented team and expertise into Renesas, together, we will accelerate innovation for customers and create sustainable value for our shareholders," Hidetoshi Shibata, Renesas President and CEO. On August 16, 2021, Renesas and Dialog Semiconductor announced Taiwan waived its right to review the deal, hence the deal has received all required clearances.