Renesas Electronics Corporation (TSE:6723), a premier supplier of advanced semiconductor solutions, today announced the successful completion of acquisition of Celeno Communications (“Celeno”), the leading provider of smart, innovative Wi-Fi solutions, as of December 20, 2021. Renesas completed the transaction using approximately US$315 million (approximately 35.9 billion yen at an exchange rate of 114 yen to the dollar) with payment to be made gradually in cash following certain milestones as set forth in the definitive agreement.

Headquartered in Israel, Celeno offers a wide range of wireless communication solutions, including advanced Wi-Fi chipsets and software solutions, for high-performance home networks, smart buildings, enterprise and industrial markets.

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