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Renesas to Acquire Embedded AI Solutions Provider Reality AI.

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Vincent

MANews-(C)2009-2022

Japan-based semiconductor solutions supplier Renesas Electronics Corp. (TSX: 6723) has entered into a definitive agreement with embedded AI solutions provider Reality Analytics, Inc in an all-cash transaction, the company said.

The transaction has been unanimously approved by the boards of directors of both companies and is expected to close by the end of calendar year 2022, subject to shareholders' and required regulatory approval and other customary closing conditions.

The acquisition will significantly enhance Renesas' endpoint AI capability, providing more flexibility and efficiency for system developers to make their products AIoT (Artificial Intelligence of Things) ready and get to market faster.

The importance of embedding AI into products has soared lately in the connected world as workload requirements at the endpoint have evolved.

For IIoT (Industrial IoT), consumer, automotive and other embedded applications that demand machine learning based intelligent decision-making physically closer to the source of the data, low latency and high security are a must.

In collaboration with its partners, Renesas has been offering development environments and software that allow AI to be embedded in its low-power, highly secure MCUs (microcontrollers) and MPUs (microprocessors).

The Reality AI acquisition allows Renesas to expand its in-house capability to provide comprehensive and highly optimized endpoint solutions both from the hardware as well as the software perspective.

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