IDT INTEGRATED DEVICE TECHNOLOGY – ACTIVE COMPONENTS

IDT – Integrated Device Technology, Inc. delivers system-level innovations that optimize customers’ applications and enrich the end-user experience. IDT continues to build on its No. 1 positions in timing, serial switching and memory interfaces to expand its mixed-signal content in Communications, Computing and Consumer applications, driven by three major market drivers including cloud computing, consumer mobility and 4G/LTE. The company’s product portfolio has become a fusion of analog and system expertise as well as traditional digital competencies, providing customers with complete application-optimized mixed-signal solutions. The IDT 30+ year heritage and innovation in digital technologies, coupled with its in-house analog talents and capabilities, make IDT the premier analog and digital company.

Renesas Electronics will acquire Integrated Device Technology (IDT) for $49 per share in an all-cash deal, representing approximately $6.7 billion in equity value. The share price is approximately 16 percent above IDT’s closing price on Monday, September 10, 2018. The closing of the transaction is expected to occur in the first half of 2019, following approvals by IDT shareholders and the relevant regulatory authorities. IDT launched in 1980 and grew to a medium-sized semiconductor company specializing in analog mixed-signal chips, used in communications infrastructure, advanced computing and power management.

Acquiring IDT will expand Renesas’ advanced microcontroller (MCU), system on chip (SoC) and power management ICs, supporting Renesas’ strategy to become a leading embedded solutions provider. IDT will add analog mixed-signal capabilities in RF, advanced timing, memory interface, power management, optical interconnect, smart sensors — and a leading market position in wireless power. Renesas seeks to offer comprehensive semiconductor solutions, including sensors, analog front-ends, processors and interfaces. Former IDT products are rebranded as Renesas products from January 2020 onwards (with the exception of products that are currently under mass production or under development. New products will be branded as Renesas products, but this will not include products of a simple derivative or a minor revision of an existing product).

About Renesas Electronics Corporation

Renesas Electronics delivers trusted embedded design innovation with complete semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live. A global leader in microcontrollers, analog, power, and SoC products, Renesas provides comprehensive solutions for a broad range of automotive, industrial, home electronics, office automation, and information communication technology applications that help shape a limitless future.