Renesas Electronics

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Renesas Electronics Corporation
Native name
ルネサス エレクトロニクス株式会社
Public (KK)
Traded as TYO: 6723
Industry Semiconductor
Predecessor NEC Electronics Corporation, Renesas Technology Corporation
Founded November 1, 2002; 15 years ago (2002-11-01)
(Started operation on April 1, 2010)
Headquarters Tokyo, Japan
Key people
Bunsei Kure (Representative Director, President and CEO)
Tetsuya Tsurumaru (Representative Director and Chairman)[1]
Products Microcontrollers, power MOSFETs, mixed-signal ICs, IGBTs, diodes, small signal transistors, display driver ICs, compound semiconductors, ASICs, ASSPs
Number of employees
18,900 (Consolidated)[2]
Website www.renesas.com

Renesas Electronics Corporation (ルネサス エレクトロニクス株式会社, Runesasu Erekutoronikusu Kabushiki Gaisha) TYO: 6723 is a Japanese semiconductor manufacturer headquartered in Tokyo. It has manufacturing, design and sales operations in around 20 countries.[3] It was the world's largest auto semiconductor maker in 2014,[4] and the world's largest maker of microcontrollers. It also makes mixed-signal integrated circuits and system on a chip semiconductors.

Name[edit]

"Renesas" is an invented name and a contraction of RENaissance SEmiconductor for Advanced Solutions.[5]

History[edit]

Renesas Electronics started operation in April 2010, through the integration of NEC Electronics Corporation and Renesas Technology Corporation. NEC Electronics was established in November 2002 by a spin-off of the semiconductor operations of NEC.[6][7] Renesas Technology was established on April 1, 2003, as a joint venture of Hitachi, Ltd. (55%) and Mitsubishi Electric (45%).[8]

In April 2009, Renesas Technology and NEC Electronics reached a basic agreement to merge by around April 2010. On April 1, 2010 NEC Electronics and Renesas Technology merged, forming Renesas Electronics which became the fourth largest semiconductor company according to iSuppli published data.[9]

In December 2010 Renesas Mobile Corporation (RMC) was created by integrating the Mobile Multimedia Business Unit of Renesas with the acquired Nokia Wireless Modem Business Unit.[10]

In 2011, Renesas Electronics was adversely affected by the 2011 Tōhoku earthquake and tsunami[11] and flooding in Thailand. In 2012, the company decided to restructure its business, including the sale and consolidation of its Japanese domestic plants, to get profitable.[12][13] In December 2012, INCJ, Japan’s government-backed fund, and several key clients decided to invest in the company.[citation needed] Through the investment, Renesas aimed to secure 150 billion yen as fresh capital by September 2013 and use it for realizing the Smart Society[clarification needed] through investment in the microcontroller and Analog & Power semiconductor development, plant improvements, automotive and industrial semiconductor solutions and corporate acquisitions.[citation needed]

In September 2013, Broadcom acquired most of Renesas Mobile Communication.[14]

With the allotment of third-party shares to Innovation Network Corporation of Japan and 8 other companies in September 2013, Innovation Network Corporation of Japan (INCJ) became the largest shareholder.[15]

In the fiscal year ending March 2014, Renesas records its first net profit ever since it operated as Renesas Electronics Corporation in 2010.[16]

To achieve a profit-generating corporate structure, Renesas announced its new business direction and issued its corporate presentation titled "Reforming Renesas” in October 2013.[17]

In September 2016, Renesas announced that it would acquire Intersil Corporation for $3.2 billion.[18]

Renesas presented its Mid-Term Growth Strategy in November, 2016.

In February 2017, Renesas completed the acquisition of Intersil Corporation.[19]

In April 2017, Renesas unveiled in a self-driving demo car at a global developer conference that it will start delivering a new line of products for self-driving cars in December 2017 as it takes on global giants such as Intel Corp. The new technology acts as an onboard nerve center, coordinating and controlling vehicle functions.[20]

In September 2018, Renesas announced it had agreed to buy IDT for $6.7 billion. The deal is expected to close in the first half of 2019.[21]

Products[edit]

Renesas Electronics' products include:

Corporate affairs[edit]

The largest stockholders and their ownership ratio of Renesas are as follows.[24][25][26]

Innovation Network Corporation of Japan 69.15%
Japan Trustee Services Bank, Ltd. 8.11%
Hitachi, Ltd. (TYO: 6501) 7.66%
Mitsubishi Electric Corporation (TYO: 6503) 6.26%
Toyota Motor Corporation (TYO: 7203) 2.49%
Nissan Motor Co., Ltd (TYO: 7201) 1.49%

At the end of September 2013, Renesas issued new shares through third-party allotment resulting in Innovation Network Corporation of Japan becoming the new largest shareholder and non-parental controlling shareholder.[27]

In early May 2012, NEC transferred part of its stake in Renesas to its employee pension trust. As a result, the NEC pension fund held 32.4 percent of Renesas while NEC had 3.0 percent.[28]

References[edit]

  1. ^ "Executive Team". Renesas Electronics Corporation. Jun 2013. Retrieved 1 July 2013. 
  2. ^ "Company profile". Renesas Electronics Corporation. March 2016. Retrieved 2016-11-02. 
  3. ^ "Renesas Electronics Corporation Commences Operations". Renesas Electronics Corporation. 1 April 2010. Retrieved 21 April 2011. 
  4. ^ Lee, Se Young. "Better late than never? Samsung IT arms push into autos". Reuters. Retrieved 10 December 2015. 
  5. ^ "Mitsubishi, Hitachi to merge chip businesses". EE Times. 3 October 2002. Retrieved 13 October 2012. 
  6. ^ "NEC spins off semiconductor operations". EETimes. 
  7. ^ "NEC Spinoff Starts Well As Its Stock Increases 29%". The New York Times. Bloomberg News. 25 July 2003. 
  8. ^ "Hitachi, Mitsubishi sign to merge chip units in Renesas venture". EETimes. 
  9. ^ "Renesas Electronics is biggest 'non-memory' chip firm". Electronics Weekly. 2 April 2010. 
  10. ^ Ricker, Thomas. "Nokia sells wireless modem business to Renesas in bid to refocus". Engadget. Retrieved 11 December 2015. 
  11. ^ “Quake-hit Renesas plant restarts production” June 5, 2011 The Daily Yomiuri
  12. ^ Saito, Mari. "Japan's Renesas seeks to cut 12 percent of workforce". reuters.com. Retrieved 30 March 2018. 
  13. ^ Editorial, Reuters. "Renesas aims to complete restructuring in 3 years". reuters.com. Retrieved 30 March 2018. 
  14. ^ "Broadcom aqcuires Renesas Mobile Europe". Helsinki Business Hub. 5 September 2013. Retrieved 5 February 2015. 
  15. ^ "Renesas Electronics Announces Partial Correction and Update on "Renesas Electronics Announces Share Issue through Third-Party Allotment, and Change in Major Shareholders, Largest Shareholder who is a Major Shareholder, Parent Company and Other Related Companies"". Renesas Electronics. Retrieved 2017-02-25. 
  16. ^ "Financial Highlights". Retrieved 2017-02-28. 
  17. ^ "Renesas Electronics Issues New Business Direction Presention "Reforming Renesas"". Renesas Electronics. Retrieved 2017-02-23. 
  18. ^ "Renesas to Acquire Intersil to Create the World's Leading Embedded Solution Provider". Renesas Electronics. Retrieved 2017-02-23. 
  19. ^ "Renesas Electronics Completes Acquisition of Intersil". Renesas Electronics. Retrieved 2017-02-25. 
  20. ^ Hans Greimel, Automotive News. “Renesas takes on global giants in growing autonomous vehicle market.” June 19, 2017. June 23, 2017.
  21. ^ "Renesas in $6.7 billion deal for IDT". Reuters. 2018-09-11. Retrieved 2018-09-11. 
  22. ^ New RZ Family Debuts: Powerful processors built around an Arm CPU
  23. ^ Renesas Electronics and Renesas Mobile License ARM Processor IP for Next Generation Communications Processors and Application Processors
  24. ^ "Distributions of Shareholders and Shares". Renesas Electronics Corporation. 30 September 2013. Retrieved 23 November 2013. 
  25. ^ "Renesas Electronics Announces Change in Controlling Shareholder Other Than Parent Company". 
  26. ^ "Japan's state-backed fund INCJ, others to trim stake worth $3b in Renesas". www.dealstreetasia.com. 
  27. ^ "Renesas Electronics Announces Partial Correction and Update on "Renesas Electronics Announces Share Issue through Third-Party Allotment, and Change in Major Shareholders, Largest Shareholder who is a Major Shareholder, Parent Company and Other Related Companies"". Renesas Electronics Corporation. September 30, 2013. Archived from the original on December 3, 2013. 
  28. ^ Mari Saito and Ayai Tomisawa (May 22, 2012). "Japan's Renesas to cut 6,000 jobs, raise capital". Reuters. 

External links[edit]