Semiconductor supplier Renesas said it had completed its acquisition of Panthronics AG, a fabless semiconductor company specialising in high performance wireless products.

The acquisition was completed on 2 June following required regulatory approval.

Renesas subsequntly announced 13 so called ‘winning combination’ products combining its technology with Panthronics’ claimed unique Near Field Communication (NFC) technology, boosting its connectivity offerings.

Sailesh Chittipeddi, EVP & GM of the embedded processing, digital power and signal chain solutions group, said: “These [new products] unite [our] broad range of embedded processing, power, connectivity, and analog portfolios with Panthronics’ NFC technology, providing customers with turnkey solutions.”

Renesas said use of NFC, widely used for mobile phones and in other applications, was “expected to grow exponentially for both industrial and automotive use cases”.

“The acquisition provides Renesas with in-house capability to instantly capture growing market opportunities for NFC,” the chip supplier said in a statement.

“With Panthronics’ NFC expertise and skilled engineering talent, Renesas will be able to offer customers a compelling breadth of connectivity solutions in growing areas spanning fintech, IoT, and automotive spheres.”