Renesas Electronics Successfully Completes the Acquisition of Panthronics AG on June 2, 2023
This acquisition gives Renesas Electronics its own capabilities to capture the growing NFC market opportunity. Leveraging Panthronics' NFC expertise and experienced engineering talent, Renesas is able to provide customers with a wide range of connectivity solutions in growing fields such as fintech, IoT and automotive.
At the same time, Renesas Electronics announced the launch of 13 "Winning Portfolio" solution designs (combining Renesas Electronics' embedded processing, power, connectivity and analog products with Panthronics' unique NFC technology. These market-ready reference designs enable Customers can immediately start the development of NFC systems with minimal cost and time.
NFC is an emerging technology that has been born in recent years. Devices using NFC technology can exchange data when the two parties are close to each other. It can be applied to electronic access control, identity nameplates, faster device pairing, smart screen projection, anti-counterfeiting, and industrial equipment. User interface extensions, digital car keys, smart cockpit applications, etc.
At present, overseas companies in the global NFC chip market mainly include NXP, STMicroelectronics, Inside Secure, Infineon, Broadcom, Sony, etc. Representative Chinese companies include Shanghai Feiju Microelectronics and Shanghai Quanrui Electronics.
From the perspective of application fields, consumer electronics is still an important driving force for the growth of the global NFC chip market. Globally, the Asia-Pacific region is the largest producer of electronic products. According to the industry, the demand for NFC chips in the Asia-Pacific region will increase in the next five years. For exuberant.
At the same time, with the rapid development of the smart car industry, vehicles are increasingly using electronic devices and embedded processors, and the use of NFC technology can simplify the use and operation of existing on-board functions, so it is regarded as the realization of many new on-board functions technology. NFC is widely used in people's daily life and is expected to grow exponentially in industrial and automotive applications.
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