Renesas and Intersil announce final approval for their acquisition

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 24^th February 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 8^th December 2016.