TOKYO, Japan, February 25, 2017 — Following the successful completion of the acquisition of Intersil Corporation ("Intersil", NASDAQ:ISIL) announced on February 25, 2017, Renesas Electronics Corporation ("Renesas", TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced the appointment of Dr. Necip Sayiner, the President, Chief Executive Officer, and Director of Intersil Corporation, as Executive Vice President of Renesas. Dr. Sayiner assumed his new role as of February 24, 2017.
In connection with the closing of the acquisition, the company, which will continue to operate as Intersil, is now wholly owned by Renesas and will be led by Dr. Sayiner as President, Chief Executive Officer, and Director.
Dr. Sayiner joined Intersil as President and CEO in 2013, leading a successful reformation of the company and returning the organization to revenue growth and profitability. Prior to Intersil, Dr. Sayiner served as President and CEO of Silicon Laboratories for 7 years, and was responsible for the diversification and expansion of the company's portfolio and growth in broad-based businesses. Dr. Sayiner also held leadership positions at Agere Systems, including Executive Vice President and General Manager of the Enterprise and Networking Division. Dr. Sayiner holds a B.S. in Electrical Engineering and a B.S. in Physics from Bosphorus University in Turkey, an M.S. in Engineering from Southern Illinois University, and a Ph.D. in Electrical Engineering from the University of Pennsylvania.
"This is a momentous day for both Intersil and Renesas," said Dr. Necip Sayiner. "I'm honored and excited to be joining the Renesas team and believe that together, the two companies will be able to expand our respective technologies to provide highly differentiated complete system solutions to our customers."
Refer to the separate sheet for brief biography of Dr. Necip Sayiner.
About Renesas Electronics Corporation
Renesas Electronics Corporation (TSE: 6723) delivers trusted embedded design innovation with complete semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live. A global leader in microcontrollers, analog, power, and SoC products, Renesas provides comprehensive solutions for a broad range of automotive, industrial, infrastructure, and IoT applications that help shape a limitless future. Learn more at renesas.com. Follow us on LinkedIn, Facebook, Twitter, and YouTube.
(Remarks) Intersil is a registered trademark of Intersil Corporation. All other registered trademarks or trademarks are the property of their respective owners.
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