Japanese semiconductor manufacturer, Renesas Electronics Corporation has acquired Steradian Semiconductors, a fabless semiconductor company based in Bengaluru, that provides 4D imaging radar solutions, in an all-cash transaction.
NovoJuris Legal represented Steradian Semiconductor.
The transaction was led by Sharda Balaji (Founder), Amol Chitnis (Junior Partner) and Manasa Prasanna (Senior Associate).
Khaitan & Co acted for Renesas Electronics. The core team consisted of Zakir Merchant (Partner), Sarthak Sarin (Partner), Eklavya Malvai (Senior Associate), Vishakha Singh (Senior Associate) and Utsav Lohia (Associate) with assistance from the following:
Intellectual Property aspects: Nishad Nadkarni (Partner), Janaksinh Jhala (Principal Associate) and Udita Kanwar (Senior Associate);
Employment aspects: Deepak Kumar (Partner) and Archika Dudhwewala (Senior Associate)
Tax aspects: Vinita Krishnan (Director), Sneh Shah (Principal Associate) and Jimmy Bhatt (Principal Associate)
Competition law aspects: Pranjal Prateek (Partner) and Armaan Gupta (Associate)
Morrison Foerster acted as Japanese counsel for Renesas Electronics Corporation.
The acquisition will bolster Renesas’ automotive and industrial sensing portfolio with Steradian's radar technology.