Regulators Could Take a Year to Decide Renesas/Intersil Remedies

If remedies are necessary to safeguard Intersil’s facility in Palm Bay, Florida, where it manufactures chips for defense purposes, regulators including the Committee on Foreign Investment in the United States and the Defense Security Service are likely to take between three months to a year to decide the site’s fate, two sector lawyers told CTFN.

As part of Renesas Electronics’ merger agreement with Intersil, the companies said that they would sign commitment letters to

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Sarah Cohen

Sarah Cohen

Sarah Cohen joined CTFN in August of 2015. Sarah is a New Jersey-based telecom and technology M&A reporter whose work has appeared in Forbes, TheStreet, FT.com, and many other publications including Mergermarket, where she worked for 10 years. Sarah has covered Yahoo, the data center space, new and incumbent telecoms, FCC matters, and CFIUS for CTFN. She has an MA in communications from Bowling Green State University and BA in English from the University of New Hampshire.

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