Renesas Partners with Tata to Accelerate Progress in Advanced Electronics for India and Emerging Markets

Rhea-AI Summary

Renesas Electronics Corporation (TSE:6723) has announced a strategic partnership with Tata Motors Ltd. and Tejas Networks Ltd. to develop semiconductor solutions for automotive, IoT, and 5G systems. This collaboration aims to enhance innovation for the Indian market and beyond, building on their previous joint projects, including the next-generation EV Innovation Center established in March 2022. The partnership will focus on electric vehicles, advanced driver-assistance systems (ADAS), and next-gen wireless solutions, thereby positioning Renesas and Tata for significant growth in the evolving tech landscape.

Positive

• Strategic partnership with Tata Motors and Tejas Networks to develop semiconductor solutions.
• Focus on electric vehicles and advanced driver-assistance systems (ADAS) enhances market competitiveness.
• Joint innovation center planned in Bangalore to leverage Renesas' semiconductor expertise for IoT and automotive applications.

Negative

• None.

Strategic Partnership Focuses on Development of Semiconductor Solutions to Drive Leading Technologies Across Automotive, IoT and 5G Systems

TOKYO--(BUSINESS WIRE)-- Renesas Electronics Corporation (TSE:6723), a premier supplier of advanced semiconductor solutions, today announced a strategic partnership with Tata Motors Ltd. (TML) and Tejas Networks Ltd. (Tejas), both Tata Group companies, on the design, development and manufacturing of Renesas’ semiconductor solutions for enhancing innovation across electronics systems for the Indian and emerging markets. These joint endeavors extend the companies’ longstanding relationship as technology and business partners, including the recently announced next-generation EV Innovation Center (NEVIC) jointly established by Renesas and Tata Group’s Tata Elxsi in March 2022.

The future of automotive systems design lies in a vehicle-centralized, zone-oriented electronic and electrical (E/E) architecture. Renesas and TML will collaborate on developing next-generation automotive electronics to drive leadership performance and scalability for vehicles. Renesas with deep expertise in semiconductor technology will partner with TML to accelerate the development of electric and connected vehicles to further enhance TML’s pre-eminence and market-leading position. To effectively address evolving customers’ aspirations, Renesas and TML will explore a non-exclusive partnership on emerging technologies such as ADAS.

Renesas will collaborate with Tejas for implementing next-generation wireless network solutions. This includes design and development of semiconductor solutions for radio units (RU) used in telecom networks, from 4G, 5G, to open radio access network (O-RAN), which enables open and flexible 5G RAN deployments, in addition to allowing wider interoperability. The companies aim to roll out products and solutions initially for India and aim to expand its footprint in the global markets.

Additionally, Renesas and Tata Consultancy Services Limited (TCS), a company of Tata Group, will partner by establishing a Joint System Solution Development Center in Bangalore. The planned innovation center will focus on comprehensive system solutions for the IoT, Infrastructure, Industrial and Automotive segments by leveraging Renesas’ semiconductor solutions and TCS’ industry experience.

“We see great potential in collaborating with Renesas in areas like automotive electronics and present and future telecom networks. The collaboration will accelerate our presence in these areas in India as well as globally,” said Natarajan Chandrasekaran, Chairman, Tata Sons.

“This partnership brings two industry leading companies closer together, creating numerous benefits,” said Hidetoshi Shibata, President and CEO at Renesas. “Renesas and Tata will support the acceleration of progress in advanced electronics and its multitudes of applications for the Indian and emerging markets, which sets us both on a path for continued success.”

About Renesas Electronics Corporation

Renesas Electronics Corporation (TSE: 6723) empowers a safer, smarter and more sustainable future where technology helps make our lives easier. A leading global provider of microcontrollers, Renesas combines our expertise in embedded processing, analog, power and connectivity to deliver complete semiconductor solutions. These Winning Combinations accelerate time to market for automotive, industrial, infrastructure and IoT applications, enabling billions of connected, intelligent devices that enhance the way people work and live. Learn more at renesas.com. Follow us on LinkedIn, Facebook, Twitter, YouTube, and Instagram.

(Remarks) All names of products or services mentioned in this press release are trademarks or registered trademarks of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220628006203/en/

Japan

Kyoko Okamoto

Renesas Electronics Corporation

+ 81-3-6773-3001

kyoko.okamoto.sx@renesas.com

Source: Renesas Electronics Corporation

FAQ

What is the recent partnership announced by Renesas Electronics Corporation?

Renesas Electronics has partnered with Tata Motors and Tejas Networks to develop semiconductor solutions for automotive, IoT, and 5G systems.

How will the partnership with Tata Motors benefit Renesas Electronics Corporation?

The partnership will enhance Renesas' presence in the electric vehicle market and accelerate innovation in advanced automotive electronics.

What segment does the partnership with Tejas Networks focus on?

The collaboration focuses on developing next-generation wireless network solutions, including 5G technologies.

When was the EV Innovation Center by Renesas and Tata announced?

The next-generation EV Innovation Center was established in March 2022.

What are the key markets targeted by Renesas and Tata's partnership?

The partnership initially targets the Indian market, with plans to expand into global markets.