RENESAS ELECTRON UNSP/ADR - RNECY STOCK NEWS

Renesas Electronics Corporation (TSE:6723) has unveiled the R-Car V4H system on chip (SoC) designed for advanced driver-assistance (ADAS) and automated driving (AD) solutions. This SoC delivers 34 TOPS in deep learning performance, facilitating high-speed image processing from automotive sensors. It supports Levels 2+ and 3 automated driving while ensuring compliance with stringent ISO 26262 safety standards. Mass production is set for Q2 2024, enhancing Renesas' scalable R-Car portfolio.

Tata Elxsi and Renesas Electronics have launched the Next Generation EV Innovation Center (NEVIC) in Bangalore to accelerate electric vehicle development. The center focuses on key EV subsystems like Battery Management Systems and Motor Control Units, aiming to provide scalable and customizable solutions. This initiative aligns with the growing demand for electric vehicles, particularly in India. The collaboration will enhance product development speed, reduce costs, and improve market readiness, benefiting OEMs and suppliers globally.

Renesas Electronics Corporation (TSE: 6723) has expanded its collaboration with Honda to enhance advanced driver-assistance systems (ADAS). The R-Car SoC and RH850 MCU will be utilized in Honda's new SENSING 360 system, following their successful use in the SENSING Elite system. The first model with SENSING 360 is set for release in China in 2022. This partnership focuses on improving safety technologies and aims for widespread adoption of next-generation systems across Honda's models.

Renesas Electronics Corporation (TSE:6723) and Fixstars Corporation have announced a collaboration to develop a cloud-based evaluation environment named GENESIS for R-Car, aimed at enhancing the automotive deep learning field. This initiative, set to launch in April 2022, includes the establishment of the Automotive SW Platform Lab focused on software for advanced driver-assistance systems (ADAS) and autonomous driving (AD). The GENESIS platform simplifies device selection and evaluation, allowing engineers to assess performance without specialized expertise.

Renesas Electronics Corporation (TSE:6723) has launched the RZ/Five general-purpose microprocessor units (MPUs) based on a 64-bit RISC-V CPU core. This new product expands Renesas' portfolio, offering enhanced options for customers in developing IoT endpoint devices. The RZ/Five operates at a max frequency of 1 GHz and supports multiple interfaces, making it ideal for applications such as solar inverters and home security systems. Samples are available now, with mass production expected to begin in July 2022.

Renesas Electronics Corporation (TSE: 6723) introduced two innovative 2.4 GHz RF transceiver technologies that enhance Bluetooth Low Energy (LE) communication for IoT devices. Announced at ISSCC 2022, these technologies promise reduced power consumption (3.6 mW in reception and 4.1 mW in transmission) and a compact circuit area of just 0.84 mm². Key features include an advanced matching circuit covering a wide impedance range and a self-correction signal technology eliminating the need for calibration, thus simplifying design and reducing costs.

Renesas Electronics Corporation (TSE: 6723) has released its consolidated financial forecasts for the quarter ending March 31, 2022. The company emphasizes the inherent volatility of the semiconductor market, providing revenue forecasts based on IFRS without non-GAAP adjustments. For the quarter, Renesas forecasts revenue of 336 billion yen (±4 billion yen), with a projected non-GAAP gross margin of 55.5% and an operating margin of 34.5%. The forecast reflects an increase from 203.7 billion yen in the same period last year, indicating positive growth prospects.

Renesas Electronics Corporation (TSE: 6723) reported significant financial improvements for the year ended December 31, 2021. Revenue surged by 38.9% to 994.4 billion yen, driven by recovery in automotive sales and industrial demand. Operating profit increased by 181.5% to 183.3 billion yen, while profit before tax rose by 133.4% to 152.2 billion yen. The results reflect Renesas' strategic acquisition of Dialog and enhanced operational efficiencies.