Japan’s Renesas Electronics has announced that it has reached a definitive agreement to acquire India-based fabless Steradian Semiconductors, a provider of 4D imaging radar solutions, in an all-cash transaction.
Renesas said the acquisition is expected to close by the end of 2022, subject to customary closing conditions. The acquisition of Steradian’s radar technology will enable Renesas to expand its reach in the radar market and strengthen its offering of automotive and industrial sensing solutions.
With advances in ADAS (Advanced Driver Assistance Systems) in the automotive market, combining data from multiple sensors such as cameras, radar and LiDAR (light detection) enables accurate and precise object detection around the vehicle There is a growing demand for automotive sensor fusion to and range). Radars in particular accurately detect long-range objects day and night, even in harsh weather and other adverse environmental conditions. For these reasons, radar is considered an essential sensing technology for his ADAS, and he expects the number of radar sensors in cars to triple over the next five years.
Hidetoshi Shibata, President and CEO of Renesas, said: “The addition of Steradian’s leading radar technology and engineering talent will allow us to extend our leadership in the automotive segment. It drives business growth.”
Gireesh Rajendran, CEO of Steradian said: By working with the Renesas team, we will continue to develop innovative radar and his solutions that deliver the high performance, small footprint, and low power consumption our customers demand. “
Founded as a start-up in 2016, Steradian has extensive expertise in radar technology. Operating in the 76-81 GHz band, Steradian’s 4D radar transceiver offers a high level of integration in a small form factor and high power efficiency. Renesas will leverage Steradian’s design assets and expertise to develop automotive radar products, with sample shipments expected by the end of 2022. Renesas aims to develop a complete automotive radar solution that combines an ADAS SoC that processes radar signals and a power management IC (PMIC). , timing products combined with software for object recognition. Taken together, these solutions simplify the design of automotive radar systems and help speed product development.
Renesas and Steradian have been collaborating since 2018, focusing on industrial applications. Steradian’s radar technology is expected to be used in surveillance, home security systems such as traffic monitoring of people, vehicles and motorcycles, HMI (Human Machine Interface) systems such as gesture recognition, and airport terminal docking systems. Steradian provides targeted solutions for these applications by providing transceiver ICs, turnkey modules including antennas, and software stacks for object recognition.
https://www.digitimes.com/news/a20220831VL203/adas-automotive-ic-renesas-steradian.html Renesas Acquires Steradian to Expand Reach in Radar Market