“Market Cap $12..62 B As of May 2014
At a Glance
- Industry: Semiconductors
- Founded: 2002
- Country: Japan
- CEO: Tetsuya Tsurumaru
- Website: am.renesas.com
- Employees: 33,840
- Sales: $8.38 B
- Headquarters: Kawasakai
#1447 Global 2000
- #1118 in Sales
- #883 in Market value
Renesas Electronics Corp. engages in the design, development, and sale of semiconductor products such as analog and power devices, microcontrollers, and large scale integration systems. It operates through the following divisions: Microcontroller Units, Analog and Power Devices, and System on Chip Solutions. The Microcontroller Units division supplies microcontrollers and microprocessors. The Analog and Power Devices division includes discretes, standard integrated circuits, radio frequency products, optical devices, and application-specific standard products. The System on Chip Solutions division offers solutions for automobiles, mobile devices, digital consumer electronics, and industrial equipment. The company was founded on November 1, 2002 and is headquartered in Kawasaki, Japan.“
“Renesas Electronics 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 2011, Renesas Electronics was adversely affected by the Great East Japan earthquake 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 June 2013, Renesas announced that it will close its subsidiary RenesasMobile.”
*Information from Forbes.com and Wikipedia.org
**Video published on YouTube by “RenesasPresents“