Renesas Electronics, a supplier of semiconductor solutions, is set to acquire Celeno Communications, a provider of Wi-Fi solutions, for $315 million.
Renesas recently expanded its connectivity portfolio following the acquisition of Dialog for 4.9 billion euros.
Celeno, headquartered in Israel, offers a range of wireless communication solutions, including Wi-Fi chipsets and software solutions, for home networks, smart buildings, enterprise and industrial markets. Its industry’s most compact chipset offerings for Wi-Fi 6 and 6E deliver exceptional Wi-Fi network performance and increased security with low latency and low power consumption.
The acquisition increases Renesas’ engineering and design scale with Celeno’s design center in Israel and by welcoming R&D staff based in Israel, Ukraine, India, China, Taiwan and more.
Hidetoshi Shibata, President and CEO of Renesas, said: “The addition of Celeno provides us with more advanced Wi-Fi connectivity capabilities to deliver end-to-end connectivity solutions for both clients and access points.”