The acquisition of Steradian's radar technology will allow Renesas to expand its reach in the radar market and enhance its offering of detection solutions for the automotive and industrial sectors.
With the advancement of ADAS (Advanced Driver Assistance Systems) in the automotive market, the demand for automotive sensor fusion is growing to enable the precise and accurate detection of objects in the vehicle's vicinity by combining data from multiple sensors, such as cameras, radar, and LiDAR (Light Detection and Ranging). Radar, in particular, accurately detects objects at long distances, day or night, even in adverse weather conditions. For these reasons, radar is considered an essential detection technology for ADAS, and the number of radar sensors installed in vehicles is expected to triple in the next five years (Note). To address this growth potential, Renesas is expanding its automotive product portfolio with Steradian's radar technology.
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Renesas will acquire Steradian to expand its reach in the radar market
Renesas Electronics Corporation has announced that it has reached a definitive agreement to acquire Steradian Semiconductors Private Limited ("Steradian"), a factory-less semiconductor company based in Bengaluru, India, that offers 4D imaging radar solutions. The acquisition is expected to close by the end of 2022, subject to customary closing conditions.
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