Saturday, March 23, 2019

Renesas’ acquisition of IDT expected to close this week

Renesas and Integrated Device Technology confirmed that they received notification by the Committee on Foreign Investment in the United States (CFIUS) that the investigation of the companies’ proposed merger transaction is complete and that there are no unresolved national security concerns with respect to the transaction.

The companies have already received antitrust clearance decisions from authorities in China, Germany, Hungary, and South Korea. IDT stockholders have previously voted to adopt the merger agreement and approve the transaction at a special meeting of stockholders held on January 15, 2019.

The deal is expected to complete on March 29, 2019.

Renesas to acquire Integrated Device Technology for $6.7 billion

Renesas Electronics Corporation of Japan has agreed to acquire Integrated Device Technology (IDT, NASDAQ: IDTI) for approximately US$6.7 billion (approximately 733.0 billion yen at an exchange rate of 110 yen to the dollar), combing two recognized leaders in embedded processors and analog mixed-signal semiconductors. IDT shares are to be acquired at a price of US$49.00 per share.

IDT, which is based in San Jose, California, is a leading supplier of analog mixed-signal products, including sensors, connectivity and wireless power. Renesas is the leading global supplier of microcontrollers, and a leader in analog & power and SoC products. The acquisition will provide Renesas with analog mixed-signal capabilities in embedded systems, including RF, advanced timing, memory interface & power management, optical interconnect, wireless power, and smart sensors.

The combination of these product lines with Renesas’ advanced MCUs and SoCs and power management ICs enables Renesas to offer comprehensive solutions that support the increasing demand of high data processing performance.

Renesas said it is working to expand its analog solution lineup and to strengthen its kit solution offerings that combine its microcontrollers (MCUs), system-on-chips (SoCs) and analog products. The company's focus domains include: the automotive segment, which is expected to see tremendous growth with autonomous driving and EV/HEV; industrial and infrastructure segments, which are expected to advance with Industry 4.0 and 5G wireless communications, as well as the fast-growing IoT segment.

Zayo to deliver long-haul wavelengths for Cloud Provider

Zayo has been selected leading cloud infrastructure provider to provide long-haul wavelengths connecting a new data center located on the West Coast.

Zayo's solution includes multiple 100G wavelengths, with fully diverse connectivity, meeting the provider’s requirements for highly reliable capacity to support current and future growth.

“Our fiber networks connect directly to the majority of third-party and enterprise-owned data centers, positioning us as the partner of choice for cloud infrastructure providers,” said Jack Waters, president of Zayo Networks and COO. “We look forward to building this important relationship and supporting this customer’s growth and success.”

http://www.zayo.com

Ericsson wins 5G contract with KT

KT is deploying Ericsson to enable the nationwide launch of commercial 5G services in Korea starting early April 2019.

Under this initial commercial contract – the first since Ericsson was selected as a 5G supplier to KT in November 2018 – Ericsson is providing 5G New Radio (NR) hardware and software from Ericsson’s complete 5G platform to cover KT’s 3.5 GHz Non-Standalone (NSA) network. Financial terms were not disclosed.

In addition to immersive media, KT’s 5G commercialization use case plans covers: smart factories; safety; drones; and connected vehicles.

Jinho Choi, Vice President, Access Network Design, KT, says: "Having worked successfully with Ericsson on 4G LTE, we are pleased to continue that partnership to make our 5G ambitions a reality with Ericsson’s leading 5G technology.

“Korea is one of the most competitive and technology-advanced markets in the world. By taking a global lead to enable nationwide commercial 5G services through commercially available 5G smartphones, KT is demonstrating our commitment to our customers and showing how we can drive a global 5G ecosystem where Korea plays a key role.”

Patrick Johansson, Head of Ericsson Korea, says: “We’ve worked with KT for many years to bring the very best mobile user experiences to its customers. Notably on 5G, we worked closely together to show the world what 5G could do during a major global winter sports event in 2018.

Zoom files for IPO - annual sales now top $330 million

Zoom Video Communications filed an S-1 registration statement with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its Class A common stock. The company is seeking to list its shares on Nasdaq under the ticker symbol “ZM.”

In its S-1, Zoom disclosed annual revenue of $330 million for its fiscal year ended 31-Janauary-2019, up from $151 million the year before, and up from $61 million two years ago. The company was founded in 2011 and is headed by founder, President, and CEO Eric S. Yuan.


Ericsson and SK Telecom team on cloud-native 5G core

Ericsson and SK Telecom signed a three-year MoU to build cloud-native solutions for predictable performance and high availability, enabled by state optimized design and the micro services architecture

Peo Lehto, Head of Solution Line Packet Core at Ericsson, says: “Cloud-native micro-services architecture gives simplified and more granular software life-cycle management, higher degrees of automation, and more robust operations based on common mechanisms like container-based light weight virtualization and orchestration such as Kubernetes.”

Jong-kwan Park, SVP, Head of 5GX Labs, SK Telecom, says: “After the successful launch of 5G NSA network, SK Telecom is preparing to migrate towards 5G SA networks to provide the latest and greatest technology and services to its customers. This joint collaboration with Ericsson on the next generation 5G SA Core and cloud native principles will not only enable us to introduce new services faster while at the same time improve our operational efficiency but also support higher availability through simplified operation.”

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