Native name ルネサス エレクトロニクス株式会社 Traded as TYO: 6723 Headquarters Koto, Tokyo, Tokyo, Japan Number of employees 18,900 | Type Public (KK) Industry Semiconductor Founded 1 November 2002 Subsidiaries Intersil | |
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Predecessor NEC Electronics Corporation, Renesas Technology Corporation Key people Bunsei Kure (Representative Director, President and CEO)
Tetsuya Tsurumaru (Representative Director and Chairman) Stock price 6723 (TYO) JP¥ 1,193 +53.00 (+4.65%)27 Mar, 3:00 PM GMT+9 - Disclaimer CEO Tetsuya Tsurumaru (25 Dec 2015–) Profiles | ||
Renesas electronics
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. It was the world's largest auto semiconductor maker in 2014, and the world's largest maker of microcontrollers. It also makes mixed-signal integrated circuits and system on a chip semiconductors.
Contents
Name
"Renesas" is an invented name and a contraction of Renaissance Semiconductor for Advanced Solutions.
History
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. Renesas Technology was established on April 1, 2003, as a joint venture of Hitachi, Ltd. (55%) and Mitsubishi Electric (45%).
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.
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.
In 2011, Renesas Electronics was adversely affected by the 2011 Tōhoku earthquake and tsunami 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. In December 2012, INCJ, Japan’s government-backed fund, and several key clients decided to invest in the company. Through the investment, Renesas aimed to secure 150 billion yen as fresh capital by September 2013 and use it for realizing the Smart Society through investment in the microcontroller and Analog & Power semiconductor development, plant improvements, automotive and industrial semiconductor solutions and corporate acquisitions.
In September 2013, Broadcom acquired most of Renesas Mobile Communication.
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.
In the fiscal year ending March 2014, Renesas records its first net profit ever since it operated as Renesas Electronics Corporation in 2010.
To achieve a profit-generating corporate structure, Renesas announced its new business direction and issued its corporate presentation titled "Reforming Renesas” in October 2013.
In September 2016, Renesas announced that it would acquire Intersil Corporation for $3.2 billion.
Renesas presented its Mid-Term Growth Strategy in November, 2016.
In February 2017, Renesas completed the acquisition of Intersil Corporation.
Products
Renesas Electronics' products include:
Corporate affairs
The largest stockholders and their ownership ratio of Renesas are as follows.
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.
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.