Renesas Electronics

Renesas Electronics Corporation (яп. 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 manufacturer of semiconductor components. Headquartered in Tokyo, the company has representative offices and production facilities in more than 20 countries. Renesas is one of the largest manufacturers of chips for mobile phones and automotive electronics. It is the largest microcontroller manufacturer in the world in terms of sales and the second in the world in the production of specialized processors. Renesas is also known as a manufacturer of LCD drivers, RF electronics chips, mixed-signal integrated circuit chips, and on-chip systems.

Below is information on the majority shareholders and their shares in Renesas.

• NEC Corporation (TYO: 6701) - 33,97 %
• Hitachi, Ltd. (TYO: 6501) - 30,62 %
• Mitsubishi Electric Corporation (TYO: 6503)- 25,05 %

History

2024: Altium Purchase

Japanese Renesas Electronics On February 15, 2024, the chipmaker announced an agreement to buy Australian company Altium, which specializes in designing software printed circuit boards. The transaction amount is approximately $5.9 billion. More. here

2023: Japan's $1.84 billion state fund sold its entire stake in Renesas

On November 10, 2023, Japanese public-private foundation Innovation Network Corporation of Japan (INCJ) announced the sale of its stake in semiconductor chip maker Renesas Electronics. This company suffers huge losses in the face of fierce competition from foreign competitors such as Samsung Electronics.

The deal amounted to 279 billion yen (approximately $1.84 billion at the exchange rate as of November 14, 2023). The sale price is set at 2,143 yen ($14.13) per share, representing a discount of about 8.01% on the value of Renesas securities at the close of trading on November 9, 2023 (approximately 2,329.5 yen). The buyers of the INCJ package were mainly foreign institutional investors.

INCJ sold its stake in Renesas Electronics

Prior to the deal, the INCJ fund owned a 6.65 percent stake in Renesas. The organization first invested in Renesas in 2013, acquiring 69% of the struggling chipmaker, which at the time was the world's leading manufacturer of microcontrollers for automobiles. However, the fund subsequently began to gradually reduce its stake in Renesas, intending to fully withdraw from the asset by March 2025.

The deal carried out, as noted, became the fifth largest in Asia in 2023 and the second most expensive in Japan since 2020. After the transaction, INCJ will retain 75 shares of Renesas, while previously the size of the stake owned by the fund was approximately 130 million securities.

It's been 10 years since we invested in Renesas to support its growth in the rapidly changing semiconductor industry. Through methodical implementation of structural reforms, Renesas has become a company capable of generating sustainable cash flow, "said Toshiyuki Shiga, Chairman and CEO of INCJ.[1]

2021

Factory fire

In March 2021, a fire broke out at the Renesas Electronics plant, which provides semiconductors with about 20% of the global auto industry. First of all, this hit Japanese factories, but European concerns BMW, Volkswagen and Daimler were also affected.

Purchase of microchip maker Dialog for 4.9 billion euros

In early February 2021, the Japanese microchip manufacturer Renesas reached an agreement to buy the British company Dialog. The transaction is worth 4.9 billion euros. Read more here.

2018: Purchase of chip developer for cars and data centers Integrated Device Technology for $7.2 billion

On September 11, 2018, Renesas Electronics announced the acquisition of chip developer for auto and data centers Integrated Device Technology. The transaction value is $7.2 billion, taking into account the debts of the company being sold. Read more here.

2009-2010

Renesas Electronics began operations in April 2010 after the merger of NEC Electronics Corporation and Renesas Technology Corporation.

NEC Electronics was founded in November 2002, separating from its parent company NEC as a semiconductor division. Renesas Technology was founded on 1 April 2003 as a joint venture between Hitachi, Ltd. (55%) and Mitsubishi Electric (45%).

In April 2009, Renesas Technology and NEC Electronics reached a basic agreement to merge the companies in April 2010.

On April 1, 2010, NEC Electronics and Renesas Technology merged to form the new Renesas Electronics fourth largest semiconductor company according to iSuppli published data.

Notes