“We are delighted to welcome the Panthronics team to Renesas and to announce on the same day 13 winning combinations that showcase the technological synergy between our two companies,” said Sailesh Chittipeddi, Executive Vice President and General Manager of the Embedded Processing, Digital Power Supply, and Signal Chain Solutions Group. “These winning combinations unite Renesas’ broad portfolio of embedded processing, power supply, connectivity, and analog solutions with Panthronics’ NFC technology, providing customers with turnkey NFC solutions.”

NFC technology is already used in our daily lives, and its market is expected to grow exponentially for both industrial and automotive use cases. Headquartered in Graz, Austria, Panthronics has been offering advanced NFC chipsets and software that are easy to deploy, small in size, and highly efficient for payments, IoT, asset tracking, and wireless charging.

The acquisition provides Renesas with in-house capabilities to instantly capitalize on the growing market opportunities for NFC. With Panthronics' NFC expertise and engineering talent, Renesas will be able to offer its customers an attractive range of connectivity solutions in growing areas encompassing financial technology, IoT, and automotive.