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Key Stream transfers WLAN biz to Renesas

Posted: 31 Mar 2009 ?? ?Print Version ?Bookmark and Share

Keywords:business transfer? WLAN Key Stream? WLAN transfer business?

Key Stream Corp. and Renesas Technology Corp. have agreed to transfer Key Stream's WLAN business to Renesas on April 1.

Key Stream develops and sells low-power WLAN chipsets and related software. To fortify Key Stream's WLAN semiconductor device business, Renesas has invested in the company since 2007.

Renesas and Key Stream have jointly developed and supplied WLAN solutions for mobile and digital consumer applications by combining Key Stream WLAN chipsets with Renesas MCU and SoC products. Now, due to the harsh business environment and bleak outlook, Renesas and Key Stream have concluded that it will be challenging for Key Stream to continue their business independently and have agreed to transfer a large share of the Key Stream WLAN business to Renesas with the intent of continuing support for existing customers. As a result, Renesas will provide customer support in the future.

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