RENESAS ELECTRON UNSP/ADR - RNECY STOCK NEWS

Renesas Electronics Corporation has announced a strategic investment of $10 million in Arduino's Series B funding round, which totals $32 million. This partnership aims to extend Renesas' technology offerings to Arduino's global developer community of 30 million. The investment will enable Arduino to enhance its hardware and software tools for professional engineers, aligning with their strategy to penetrate the enterprise market. Renesas will also gain access to Arduino's open-source platform, facilitating broader customer reach.

Renesas Electronics Corporation (TSE: 6723) has announced its acquisition of Reality Analytics, Inc., a leader in embedded AI solutions, in an all-cash transaction. The deal, unanimously approved by both boards, is expected to close by the end of 2022, pending regulatory approval. This acquisition enhances Renesas' capabilities in endpoint AI, targeting IIoT, consumer, and automotive applications. By integrating Reality AI's technologies, Renesas aims to provide optimized solutions for system developers, strengthening its position in the AIoT market.

Renesas Electronics has launched the RZ/T2M, a high-performance motor control microprocessor unit (MPU) designed for applications like AC servo drives and industrial robots. This single-chip solution combines advanced motor control capabilities with support for various industrial Ethernet protocols, including TSN, while ensuring functional safety. Key features include two Arm Cortex-R52 cores operating at 800 MHz and a memory capacity of 576 KB. This innovation aims to enhance productivity and reduce BOM costs by minimizing external components needed for safety monitoring.

Renesas Electronics Corporation (TSE: 6723) has launched an AUTOSAR-compliant software module for automotive battery management systems (BMS) in electric vehicles (EVs), enhancing its ISL78714 Li-Ion battery management IC. This software simplifies design processes and meets ISO26262 ASIL D safety standards. The CDD software integrates with the RH850/P1M MCU, improving battery performance and reducing development time. The new software and reference design kit are now available to qualified customers, aiding companies like Our Next Energy in their BMS development.

Renesas Electronics Corporation has completed its share buyback program, purchasing 168,067,250 common shares at 1,190 yen per share during its tender offer from April 28 to May 31, 2022. The total acquisition cost amounted to approximately 200 billion yen, accounting for 8.64% of its total issued shares as of March 31, 2022. This initiative aimed to enhance shareholder value and optimize capital structure. The tender offer was conducted under the provisions of the Companies Act and followed a resolution passed by its Board of Directors on April 27, 2022.

Renesas Electronics Corporation (TSE:6723) has launched the industry’s first I3C intelligent switch devices aimed at next-gen server motherboards. These innovative chips improve scalability and reliability while simplifying design complexities. The devices enhance I3C control plane networks, supporting multiple initiator controllers, improving signal integrity, and reducing capacitive loading. They allow seamless integration of legacy I2C devices, thus broadening compatibility. The first versions are currently sampling to select customers, with wider availability expected in Q1 2023.

Renesas Electronics Corporation (TSE: 6723) will showcase a live demonstration of its new microcontroller (MCU) based on the Arm Cortex-M85 processor at the Embedded World 2022 Exhibition in Nuremberg, Germany, from June 21-24. Renesas has quickly established itself in the Arm Cortex-M market since the introduction of its RA Family in 2019, now boasting over 200 MCU parts. The upcoming RA MCUs will enhance performance, security, and ease of development for IoT applications, bridging the gap between MCUs and MPUs. The Cortex-M85 includes advanced features like Helium technology and Arm TrustZone for enhanced security.

Renesas Electronics Corporation (TSE:6723) announced its RA Family of 32-bit Arm Cortex-M microcontrollers has received certification from the NIST Cryptographic Algorithm Verification Program. This includes the RA6M4, RA6M5, RA4M2, and RA4M3 MCU Groups, which now support a suite of cryptographic algorithms. Renesas aims to enhance IoT security with its integrated Secure Crypto Engine and existing certifications (PSA and SESIP). The new Security Key Management Tool simplifies key handling, supporting secure installations and updates, bolstering confidence in data security for various connected applications.