Final Regulatory Approval on Renesas’ Acquisition of Intersil

Acquisition Expected to Close on February 24, 2017 PST

Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, and Intersil Corporation, a leading provider of innovative power management and precision analog solutions, February 22, 2017, announced that they received notification by the Committee on Foreign Investment in the United States  that the investigation of the merger transaction under which Renesas will acquire Intersil is complete and that there are no unresolved national security concerns with respect to the transaction.

All necessary regulatory approvals for the acquisition have now been received and the merger is expected to close on February 24, 2017 PST, subject to customary closing deliveries. Intersil stockholders have previously voted to adopt the merger agreement and approve the transaction at a special meeting of stockholders held on December 8, 2016.

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