RENESAS ELECTRON UNSP/ADR - RNECY STOCK NEWS

Renesas Electronics Corporation unveils plans for advanced Wi-Fi solutions, integrating technology from its acquisition of Celeno. The company is launching Wi-Fi 6E access point solutions and sampling a Wi-Fi/BLE combo chip, featuring a tri-band radio and up to 2.4Gbps data link speed. Notably, Renesas is developing Wi-Fi 6E chipsets with patented Doppler Imaging technology for enhanced connectivity and sensing. Wi-Fi 7, expected in 2024, will offer improved speed and latency. Renesas aims to provide comprehensive connectivity solutions for various applications.

Renesas Electronics has launched the RYZ024A module, enhancing its low-power WAN product line for IoT applications. This module supports both Cat-M1 and NB-IoT connectivity, requiring no gateway, and boasts a power-saving mode of just 1µA. It features an extended voltage range, making it suitable for battery-operated devices. Developed in collaboration with Sequans, the RYZ024A is certified for major RF specifications, enabling seamless integration into IoT systems. Renesas aims to reduce PCB size by 60% and development time by up to 90% with this module. It is available now, with a future upgrade to dual-mode support.

Renesas Electronics Corporation (TSE: 6723) has launched the RAA270205, a new 4x4-channel radar transceiver aimed at advanced driver assistance systems (ADAS) and autonomous driving applications. This product, developed in collaboration with Steradian Semiconductors, features 5GHz bandwidth, a 112.5MSPS ADC sampling rate, and lower power consumption compared to competitors. The RAA270205 will be available by Q1 2023, with commercial production set for 2024. It is designed to enhance radar resolution and object detection, aligning with industry demands for higher accuracy in safety-critical applications.

Renesas Electronics Corporation (TSE:6723) has expanded its 'Renesas Ready Partner Network' to include 106 new partners and 160 performance-optimized building blocks for its RZ microprocessor family. This brings the total to over 200 partners and more than 300 building-block solutions that enhance product compatibility and simplify design processes for customers. The goal is to accelerate time to market and revenue. The company emphasizes the importance of ecosystems in addressing industrial IoT complexities and announces a discussion on this topic in an upcoming podcast.

Renesas Electronics Corporation has announced a strategic overhaul of its sales structure, establishing a new Global Sales & Marketing Unit to integrate its Automotive and IoT & Infrastructure business units. Effective January 1, 2023, Chris Allexandre will serve as Chief Sales & Marketing Officer, leading a unified global team. Additionally, Vivek Bhan has been appointed as Co-General Manager of the Automotive Solution Business Unit, focusing on product strategy and revenue growth. These changes aim to enhance operational efficiency and drive growth in embedded semiconductor solutions.

Renesas Electronics Corporation (TSE: 6723) has launched the RAA271082, an advanced automotive power management IC (PMIC) designed for next-generation camera applications. This ISO-26262 compliant PMIC features multiple voltage regulators and integrated safety functions, supporting ASIL B metrics. Key highlights include programmability for various image sensors, 1A output per switching regulator, and compatibility with Renesas’ Automotive High-Definition Link (AHL) technology. The RAA271082 is available now, enhancing the design of automotive camera systems with its high integration and safety features.

Renesas Electronics Corporation (TSE: 6723) released its consolidated financial forecasts for the fiscal year ending December 31, 2022, amidst semiconductor market volatility. Revenue projections range from 1,492,373 million to 1,500,373 million yen, with a non-GAAP gross margin of 56.9% and operating margin of 36.2%. The company will not pay a year-end dividend, redirecting earnings towards strategic investments to enhance shareholder value. These projections follow the previous year's revenue of 994,418 million yen.

Renesas Electronics Corporation (TSE:6723) reported strong financial performance for the nine months ending September 30, 2022, with revenues reaching ¥1,110.0 billion, a 63.3% increase from the previous year. Operating profit surged to ¥327.9 billion, up 180.0%, while profit attributable to owners hit ¥185.2 billion, reflecting a 151.7% rise. Earnings per share rose to ¥98.07. The company's total assets stood at ¥3,013.3 billion with an equity ratio of 54.8%.

Renesas Electronics Corporation (TSE:6723) has successfully completed the acquisition of Steradian Semiconductors Private Limited as of October 17, 2022. Steradian, an Indian fabless semiconductor start-up founded in 2016, specializes in 4D imaging radar solutions critical for Advanced Driver Assistance Systems (ADAS). The acquisition aims to enhance Renesas' automotive product portfolio and capitalize on the growing automotive radar market. Steradian will operate as a wholly owned subsidiary, expected to improve Renesas' sensing solutions across various applications.