Renesas Electronics Corporation (TSE: 6723) is a leading global provider of semiconductor solutions headquartered in Tokyo, Japan. Founded in 2002, Renesas designs and manufactures microcontrollers, microprocessors, analog, power, and system-on-chip (SoC) products for automotive, industrial, infrastructure, and IoT applications.
Renesas offers a wide range of semiconductor products and solutions, including:
Microcontrollers and microprocessors for automotive and industrial use
Power management and conversion chips
Analog and mixed-signal ICs
Connectivity solutions like Ultra-Wideband (UWB) chips
Software and development tools to support its hardware offerings
The company has been expanding its capabilities through strategic acquisitions and partnerships. In February 2024, Renesas announced plans to acquire Altium, an Australia-based electronic design software company, for USD 5.89 billion. In January 2024, Renesas acquired US power semiconductor company Transphorm for USD 339 million to boost its presence in gallium nitride (GaN) chips for electric vehicles. Renesas has also formed partnerships with companies like Tata Motors and Tejas Networks to develop automotive electronics and wireless network solutions.
As of February 2024, Renesas reported full-year 2023 revenue in the range of JPY 1,458 billion to JPY 1,473 billion. The company is investing to expand production capacity, including JPY 90 billion to increase power semiconductor output at its Kofu factory in Japan. Renesas aims to capitalize on growing demand in areas like electric vehicles, artificial intelligence, and internet of Things applications as it continues to strengthen its position as a leading global semiconductor supplier.
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