Enhanced Connectivity Portfolio to Capture Growing Market Opportunities for Fintech, IoT, Asset Tracking, and Wireless Charging
Renesas Electronics Corporation (TSE:6723), a premier supplier of advanced semiconductor solutions, today announced its wholly owned subsidiary has entered into a definitive agreement with the shareholders of Panthronics AG (“Panthronics”), a fabless semiconductor company specializing in high-performance wireless products, under which Renesas will acquire Panthronics in an all-cash transaction. 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.
Combining Panthronics’ NFC technology with Renesas’ broad product portfolio and security functions in microcontrollers (MCU) / microprocessors (MPU) will provide Renesas’ wide customer base with a multitude of options to create innovative, ready-to-market NFC system solutions. Renesas and Panthronics have already launched four joint designs of NFC system solutions to date. These include solutions catering for mPoS terminals, wireless charging, and wall box smart metering platforms. The companies have also developed an NFC connectivity board that is fully integrated into the Renesas Quick-Connect Studio ecosystem, which allows customers to add features quickly and easily to MCU development boards. This enables a “plug and play” addition of full-featured, high-end NFC connectivity. Several more systems for PoS, IoT, wireless charging, and mobile are in development. Furthermore, the merits of Panthronics’ technology are also expected to be leveraged for Renesas’ automotive solutions, such as digital key management.
“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.”
The acquisition has been unanimously approved by the board of directors of Renesas and is expected to close by the end of the calendar year 2023, subject to required regulatory approval and customary closing conditions.
