Market Overview

Renesas Electronics Announces Appointment of Necip Sayiner as Executive Vice President

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Following the successful completion of the acquisition of Intersil
Corporation (("Intersil", NASDAQ:ISIL) announced on February 25, 2017,
Renesas Electronics Corporation ("Renesas", TSE: 6723), a premier
supplier of advanced semiconductor solutions, today announced the
appointment of Dr. Necip Sayiner, the President, Chief Executive
Officer, and Director of Intersil Corporation, as Executive Vice
President of Renesas. Dr. Sayiner assumed his new role as of February
24, 2017.

In connection with the closing of the acquisition, the company, which
will continue to operate as Intersil, is now wholly owned by Renesas and
will be led by Dr. Sayiner as President, Chief Executive Officer, and
Director.

Dr. Sayiner joined Intersil as President and CEO in 2013, leading a
successful reformation of the company and returning the organization to
revenue growth and profitability. Prior to Intersil, Dr. Sayiner served
as President and CEO of Silicon Laboratories for 7 years, and was
responsible for the diversification and expansion of the company's
portfolio and growth in broad-based businesses. Dr. Sayiner also held
leadership positions at Agere Systems, including Executive Vice
President and General Manager of the Enterprise and Networking Division.
Dr. Sayiner holds a B.S. in Electrical Engineering and a B.S. in Physics
from Bosphorus University in Turkey, an M.S. in Engineering from
Southern Illinois University, and a Ph.D. in Electrical Engineering from
the University of Pennsylvania.

"This is a momentous day for both Intersil and Renesas," said Dr. Necip
Sayiner. "I'm honored and excited to be joining the Renesas team and
believe that together, the two companies will be able to expand our
respective technologies to provide highly differentiated complete system
solutions to our customers."

For a brief biography of Dr. Necip Sayiner, click here.

About Renesas Electronics Corporation

Renesas Electronics Corporation (TSE:
6723
) delivers trusted embedded design innovation with complete
semiconductor solutions that enable billions of connected, intelligent
devices to enhance the way people work and live—securely and safely. The
number one global
supplier of microcontrollers, and a leader in Analog & Power and SoC
products, Renesas provides the expertise, quality, and comprehensive
solutions for a broad range of Automotive, Industrial, Home Electronics
(HE), Office Automation (OA) and Information Communication Technology
(ICT) applications to help shape a limitless future. Learn more at renesas.com.

(Remarks) Intersil is a registered trademark of Intersil Corporation.
All other registered trademarks or trademarks are the property of their
respective owners.

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