RENESAS ELECTRON UNSP/ADR - RNECY STOCK NEWS

Renesas Electronics Corporation (TSE: 6723) has announced its consolidated financial forecasts for the six months ending June 30, 2022. The revenue is projected at 721,696 million yen, with a non-GAAP gross margin of 57.9% and an operating margin of 37.7%. Due to strategic decisions, the Group will not pay an interim dividend for this period, with plans for year-end dividends yet to be determined. Despite a stable revenue growth compared to the previous year’s 421,553 million yen, the company emphasizes ongoing uncertainties in the semiconductor market that may impact performance.

Renesas Electronics Corporation reported strong consolidated financial results for the three months ended March 31, 2022, with revenues of 346.7 billion yen, representing a 70.2% increase year-over-year. Operating profit surged 231.5% to 100.1 billion yen, while profit attributable to owners rose by 333.4% to 59.8 billion yen. Total assets grew to 2.6 trillion yen, and equity attributable to owners increased to 1.35 trillion yen. R&D expenses amounted to 45.6 billion yen.

Renesas Electronics Corporation (TSE:6723) has introduced an integrated automotive ECU Virtualization Platform that allows designers to combine multiple applications into a single ECU while ensuring secure separation to prevent interference. The platform utilizes RH850/U2x MCUs and ETAS RTA-HVR software, enabling automotive customers to streamline their design processes with reduced power consumption and wiring complexity. This solution enhances legacy reuse and supports the transition to modern electrical-electronic architectures, promising a cost-effective development environment.

Renesas Electronics Corporation (TSE: 6723) has announced a donation of 1 million euros to the UNHCR to support humanitarian efforts in Ukraine. The company emphasizes its commitment to the safety of its stakeholders, establishing a Crisis Response Team to assist employees in Ukraine. Key support measures include advanced payroll for employees, financial aid for those wishing to leave Ukraine, and a built shelter for those unable to leave. Renesas aims to provide continuous support and hopes for a swift return to peace in the region.

Renesas Electronics Corporation has launched the first clock buffers and multiplexers compliant with PCIe Gen6 specifications. The introduction includes 11 new clock buffers and 4 multiplexers, enhancing designs in data centers, networking, and industrial applications. Key features are ultra-low jitter of 4fs RMS, compact designs saving 30% space, and added reliability through selectable SMBus addresses. These devices pave the way for future-proof solutions in high-performance systems, reaffirming Renesas' positioning as a leader in timing solutions.

Renesas Electronics Corporation (TSE:6723) has introduced a virtual development environment for automotive application software, enhancing development efficiency. This new platform includes the Virtual Turnkey Platform and a Multicore Debug and Trace Tool, enabling engineers to create software without the need for physical devices. The tools support concurrent development across platforms and are designed to streamline the integration and troubleshooting of complex software components. The initial offering is available for the R-Car S4 SoC, with future support planned for additional products.

Renesas Electronics Corporation (TSE: 6723) announced the integration of its wireless power charging technology in Wacom's Active ES^® digital pens. This single-chip wireless power receiver IC offers high efficiency and compact design, enhancing the convenience of wireless charging for digital accessories. Key features include high power density and programmability for low-power applications. The partnership with Wacom enables innovative digital pen functionality, supporting user creativity. Renesas aims to lead in wireless charging solutions globally.

Renesas Electronics Corporation (TSE: 6723) announced 10 new Winning Combinations integrating Celeno's Wi-Fi 6 and 6E chipsets with its own embedded processing and analog technologies. These solutions target diverse sectors including IoT and industrial applications, enhancing product development efficiency. Renesas now boasts over 300 such combinations, designed to accelerate market entry and reduce risks for customers. DK Singh, Senior Director, emphasized the synergies between Celeno technology and Renesas products in enabling intelligent solutions.

Renesas Electronics has introduced the P9261-3C-CRBv2, a cutting-edge reference design for automotive wireless charging stations. This solution enables manufacturers to implement advanced safety and performance features efficiently. Key highlights include compliance with the WPC Qi 1.3 standard for 15W charging and support for proprietary profiles up to 50W. It also features ASIL B functional safety and a user-friendly GUI for real-time monitoring. The P9261-3C-CRBv2 is now available for order, marking a significant advancement in in-cabin wireless charging technology.