RENESAS ELECTRON UNSP/ADR - RNECY STOCK NEWS

Renesas Electronics Corporation reported its consolidated financial results for the year ending December 31, 2022, revealing significant growth. Revenue surged by 51% to ¥1,500.9 billion, with operating profit increasing 144% to ¥424.2 billion. Profit attributable to owners rose 114.7% to ¥256.6 billion, reflecting strong operational efficiency. However, R&D expenses were substantial at ¥206.7 billion. The company reported a 54.5% equity ratio and total assets of ¥2,812.3 billion. Renesas plans to reassess its dividend strategy for 2023, leaving future payouts undecided. Overall, the results indicate a robust financial performance amidst ongoing investments in growth.

Renesas Electronics Corporation (TSE: 6723) has launched a new gate driver IC, the RAJ2930004AGM, designed for high-voltage power devices in electric vehicle (EV) inverters. This new gate driver supports voltages up to 1200V and features a built-in 3.75kVrms isolator, exceeding the previous generation's capability. Key advantages include superior Common Mode Transient Immunity (CMTI) of 150V/ns and an output peak current of 10A. The product is aimed at enhancing the efficiency of EV inverters, and will be available in sample quantities now, with mass production set for Q1 2024.

Renesas Electronics Corporation (TSE: 6723) has introduced a new automotive Intelligent Power Device (IPD), the RAJ2810024H12HPD, which has a 40% smaller footprint than conventional products. It enhances safety and flexibility in power distribution within vehicles, featuring advanced current detection capabilities for accurate abnormal current monitoring. The compact TO-252-7 package enables engineers to design more efficient power control systems. The IPD is compliant with AEC-Q100 and RoHS standards and is set for mass production in Q1/2024, reinforcing Renesas' commitment to innovative automotive solutions.

Renesas Electronics Corporation (TSE: 6723) has launched the RL78/G15 microcontroller, expanding its low-power RL78 family. This MCU features small package sizes, ranging from 8 to 20 pins, with the smallest being just 3 x 3 mm. It supports a maximum ambient temperature of 125°C, making it suitable for diverse applications like industrial and consumer electronics. With 4-8KB flash memory, it aims to enhance efficiency and reduce end system costs. Renesas continues to support the MCU market, shipping 100 million units monthly and has distributed over 7.1 billion units since its inception.

Renesas Electronics Corporation (TSE: 6723) has announced its first development kit supporting the new Matter protocol, designed to enhance interoperability among smart home devices. The company will implement Matter in all future Wi-Fi, Bluetooth Low-Energy, and Thread products, including those from Dialog Semiconductor and Celeno Communications. With over 600 million wireless devices shipped, Renesas aims to streamline development for IoT device makers, facilitating faster integration into the Matter ecosystem. The DA16200 Ultra-Low Power Wi-Fi Modules Development Kit will be the first product supporting Matter, expected to be widely released soon.

Renesas Electronics Corporation (TSE:6723) and Fixstars Corporation announced the joint development of tools aimed at optimizing software for autonomous driving (AD) and advanced driver-assistance systems (ADAS). These tools utilize the R-Car system-on-chip (SoC), promoting rapid development and accurate object recognition while minimizing post-development rework. Key tools include the R-Car Neural Architecture Search tool, DNN Compiler, and DNN Simulator, which support the performance and efficiency of deep learning applications within automotive systems.

Renesas Electronics Corporation has launched the new VersaClock® 7 clock generators, featuring an internal crystal oscillator designed for PCIe and networking applications. This product line offers significant flexibility, allowing users to configure frequencies, I/O levels, and GPIO pins. Key features include low power consumption, multiple output options, and minimal board space requirements. The RICBox programming application further enhances user experience by allowing easy configuration. VersaClock 7's availability aims to support various applications in high-end computing, data centers, and wired infrastructure.