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Renesas Electronics Corporation reported strong consolidated financial results for the year ended December 31, 2021. Revenue reached ¥994.4 billion, a 38.9% increase year-over-year, with operating profit soaring to ¥183.6 billion, up 181.8%. Profit attributable to owners of the parent was ¥127.3 billion, reflecting a significant 178.6% growth. Total assets were ¥2.41 trillion, with an equity ratio of 48.1%. Despite this strong performance, no dividends were declared for 2021, and the forecast for the next quarter indicates revenue of ¥336 billion with a gross margin of 65%.
Renesas Electronics Corporation (TSE:6723) has reached a milestone, delivering over one billion RX microcontrollers since their launch in 2009. These 32-bit MCUs are utilized in various applications, including consumer, industrial, and IoT sectors, with over 70% adoption in the home air conditioner compressor market. Anticipating a growth of over 30% in RX MCU sales for 2021, exceeding 35 billion yen, Renesas plans to enhance production capacity to support this expansion. The company is also focused on improving connectivity and security for smart IoT applications.
Sequans Communications (NYSE: SQNS) announces an extension of its 4G/5G licensing agreements with Renesas Electronics (TSE:6723), enhancing market opportunities for Sequans' LTE-M/NB-IoT Monarch 2 and Taurus 5G platforms. This partnership enables Sequans to enter the Indian market and includes a $20 million investment and board nomination for Renesas' Dr. Sailesh Chittipeddi. The multi-year agreements aim to improve manufacturing control, product costs, and expand revenue streams amidst current supply challenges, with closing expected by January 14, 2022.
Renesas Electronics Corporation has successfully acquired Celeno Communications for approximately US$315 million, as of December 20, 2021. Celeno, based in Israel, specializes in innovative Wi-Fi solutions and will become a wholly owned subsidiary of Renesas. The acquisition aims to enhance Renesas' connectivity portfolio and integrate Celeno's advanced technologies with Renesas' existing semiconductor products. This strategic move is expected to boost Renesas' offerings in IoT, industrial, and automotive applications.
Renesas Electronics Corporation (TSE:6723) has announced the launch of two new microcontrollers, the RL78/F24 and RL78/F23, aimed at enhancing automotive actuator and sensor control. These low-power 16-bit MCUs promise improved security, connectivity, and functional safety, supporting protocols like CAN FD and EVITA-Light. The new devices boast performance improvements, operating up to 70% faster than previous models, with features such as 40 MHz operating frequency and various connectivity options. Samples will be available starting April 2022, with mass production expected in the second half of 2023.
Renesas Electronics Corporation (TSE: 6723) has launched the ClockMatrix 2, an advanced timing device designed for 400/800Gbps optical transport and wireline networks. This second-generation product improves upon previous models by offering phase jitter as low as 88fs-rms. Key features include a highly integrated six-channel timing source that simplifies designs and supports multiple standards, including IEEE1588 and Synchronous Ethernet. The ClockMatrix 2 is now available, promising enhanced performance for 5G and other high-speed applications.
Renesas Electronics Corporation (TSE: 6723) announced advancements in spin-transfer torque magnetic random-access memory (STT-MRAM) technology, achieving a 72% reduction in write energy and a 50% decrease in voltage application time. These improvements were presented on December 13, 2021, at the IEDM conference. The innovations include a self-termination write scheme and a simultaneous write bit optimization technique, enhancing performance for microcontroller units (MCUs) used in IoT applications, which demand efficiency in power consumption and speed.
Renesas Electronics Corporation has launched the RAA227063 Smart Gate Driver for brushless DC motor applications, enhancing motor control efficiency and flexibility. This device is programmable via SPI and supports various motors, including sensorless applications. It features a 500 mA buck-boost converter that offers 90% efficiency, integrates three current sense amplifiers, and simplifies design, achieving over 30% reduction in board space. The RAA227063 is compatible with Renesas' MCU portfolio, driving innovation in motor control solutions globally.
Renesas Electronics Corporation has launched the RA6T2 Group MCUs, designed for high-performance motor control applications. These 32-bit MCUs integrate a 240-MHz Arm Cortex-M33 core, optimized analog features, and a hardware accelerator. They allow for cost-efficient designs targeting home appliances, building automation, and more. Notable specifications include dual ADC units with rapid conversion speeds, a PWM timer, and enhanced safety features. The RA6T2 MCUs are supported by various design tools and are available in multiple package options, catering to diverse market needs.
Renesas Electronics Corporation (TSE: 6723) has launched the R9A06G061 power line communication (PLC) modem IC, enabling high-speed communication at 1 Mbps over distances greater than 1 kilometer without relays. This innovation optimizes system design by reducing external components, suitable for HVAC, lighting, and solar power applications. Evaluation kits for AC and DC power lines are also available for developers to streamline product development. The new IC supports peer-to-peer network configurations and doubles device connectivity, enhancing noise tolerance for diverse environments.
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