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18.06.26 - 10:06
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SiC cuts AI data center costs; 5% efficiency gain saves US$5 billion (Digitimes)
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Power is now compute, and it is becoming a major driver of AI data center build costs. Renesas technical director Mu-Sen Lin said traditional data centers rely on low-voltage AC (LVAC), long wiring runs, and repeated AC-to-DC conversions through uninterruptible power supply (UPS) systems, reducing energy transmission efficiency....
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18.06.26 - 00:03
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Renesas Acquires Pictorus to Simplify and Accelerate Embedded Application Software Development (Business Wire)
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This Strategic Move Brings Renesas Another Step Closer to Realizing Its Digitalization VisionTOKYO--(BUSINESS WIRE)--#Acquisition--Renesas Electronics Corporation (TSE:6723, “Renesas”), a premier supplier of advanced semiconductor solutions, announced today that a Renesas subsidiary has completed the acquisition of software developer Pictorus, based in Oakland, California.With the acquisition of Pictorus, Renesas gains a cloud-based behavioral modeling platform that accelerates embedded system development, moving the engineering experience beyond point tools by providing a connected platform for model-based system design. This acquisition will enhance the value of Renesas 365, Renesas' newly released platform that unifies electronics system development from discovery to development and lifecycle management. It will enable engineers to visually design, express, and simulate system behavior and intent, accelerating the application development cycle. As a cloud native platform, it will help to ensure a ...
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02.06.26 - 09:06
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Renesas Announces Leadership Transition in Engineering Organization (Business Wire)
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TOKYO--(BUSINESS WIRE)--#Renesas--Renesas Electronics Corporation (TSE:6723, “Renesas”), a premier supplier of advanced semiconductor solutions, today announced a leadership transition within its Engineering organization. At his own request, Balaji Kanigicherla, Vice President, Head of Engineering and Chief Technology Officer (CTO), will step down from his role, effective June 5, 2026.
The company has appointed Manoher Bommena, Vice President of Innovation Office and EDA Technology, and Ramkumar Subramanian, Vice President of Business Operations & Partnerships, both from the Engineering Group, as Interim Co-Heads of Engineering, effective June 6. In this role, they will jointly lead the company's engineering, development and innovation efforts.
Renesas has initiated a search for a permanent Head of Engineering and CTO to support its continued growth and technology strategy.
About Renesas Electronics Corporation
Renesas Electronics Corporation (TSE: 6723) empowers a safer, smarter and more sustainable...
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11.05.26 - 15:06
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SiTime Announces Expiration of Hart-Scott-Rodino Waiting Period (Business Wire)
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SANTA CLARA, Calif.--(BUSINESS WIRE)--SiTime Corporation (Nasdaq: SITM) (“SiTime” or the “Company”), the Precision Timing company, today announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR Act”), expired at 11:59 p.m. Eastern Time on May 8, 2026, in connection with its pending acquisition of certain assets from Renesas Electronics America Inc., a subsidiary of Renesas Electronics Corporation (TSE: 6723) (“Renesas”), pursuant to the previously announced Asset Purchase Agreement dated February 4, 2026. The expiration of the HSR Act waiting period satisfies a key condition to closing the acquisition (the “Closing”). Completion of the acquisition remains subject to the satisfaction or waiver of other customary closing conditions.
As previously announced, in connection with the acquisition, SiTime has obtained a financing commitment from Wells Fargo for up to $900 million to fund a portion of the cash consideration, in the form ...
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07.05.26 - 11:06
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Renesas Completes Acquisition of Irida Labs to Expand Vision AI Software Capabilities and Accelerates System-Level Vision Solutions (Business Wire)
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TOKYO--(BUSINESS WIRE)--#AI--Renesas Electronics Corporation (TSE:6723, “Renesas”), a premier supplier of advanced semiconductor solutions, today announced that a subsidiary of Renesas has completed the acquisition of Irida Labs, a Greece-based company specializing in embedded software for AI-powered visual perception systems. The acquisition strengthens Renesas' edge AI embedded processing offerings, a key secular growth area for Renesas. It also enables system-level solutions that integrate physical AI and software to power camera and machine vision systems across industrial, robotics, smart city, IoT, agricultural and healthcare markets. As part of Renesas' Digitalization strategy, Irida Labs' software and tools will be integrated into Renesas 365, a newly released platform that unifies electronics system development from discovery to development and lifecycle management.
While the demand for intelligent systems at the edge continues to soar across industries, developers must often overcome grow...
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07.05.26 - 08:03
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Media News: AIXTRON SE (EQS)
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AIXTRON hat Planetary-GaN-MOCVD-Systeme an Renesas zur Erweiterung der High-Volume-Manufacturing-Kapazitäten geliefert...
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05.05.26 - 22:06
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Wolfspeed Reports Financial Results for the Third Quarter of Fiscal 2026 (Business Wire)
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DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the third quarter of fiscal 2026.
Business Highlights
Continued sequential quarterly growth in AI data center applications of approximately 30%, reflecting a moderate but expanding part of the Company's business with meaningful long-term potential.
Launched first commercially available 10 kV SiC power MOSFET for grid modernization, industrial electrification and AI data center infrastructure.
Introduced next-gen TOLT portfolio to address growing AI data center demand.
Durham facilities now focused on materials production, further increasing earnings potential of the site.
CFIUS clearance and equity issuance to Renesas completes Chapter 11 procedures.
Quarterly Financial Highlights
Consolidated revenue of approximately $150 million, aligned with midpoint of guidance range.
GAAP gross margin of (27)% and Non-GAAP gross margin of (21)%.
GAAP net loss of $120 million and adjusted EBITDA of ($62) million.
Operating cas...
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24.04.26 - 07:42
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Renesas Electronics Corp Bottom Line Rises In Q1 (AFX)
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TOKYO (dpa-AFX) - Renesas Electronics Corp (RNECF) announced a profit for its first quarter that Increased, from the same period last yearThe company's earnings totaled JPY68.149 billion, or JPY36......
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24.04.26 - 02:03
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Renesas Reports Financial Results for the First Quarter Ended March 31, 2026 (Business Wire)
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TOKYO--(BUSINESS WIRE)--#FinancialResults--Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results in accordance with IFRS for the three months ended March 31, 2026.
Summary of Consolidated Financial Results (Note 2)
Summary of Consolidated Financial Results (Non-GAAP basis) (Note 3)
Three months ended
March 31, 2026
Billion yen
% of revenue
Revenue (Note 1)
372.3
100.0
Gross profit
220.3
59.2
Operating profit
125.4
33.7
Profit attributable to owners of parent
102.9
27.6
EBITDA (Note 4)
146.2
39.3
(Note)
1.
The Timing business, for which a planned business transfer was announced in February 2026, has been excluded from Non‑GAAP financial
measures starting from February 2026. On a basis excluding this adjustment, actual revenue amounted to 379.9 billion yen, representing an increase
of 4.9 billion yen (1.3%), compared with the revenue forecast of 375.0 billion yen announced on February 5,2026.
Summary of Consolidated Financial Results (IFRS basis)
Three month...
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16.04.26 - 06:06
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Renesas reports accelerated MRDIMM adoption in China (Digitimes)
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As AI servers rapidly increase demand for high bandwidth and large-capacity memory, Renesas Electronics noted that, driven by strong demand in China and expanding capacity, its Memory Interface Division (MID) business in China is expected to achieve 100% growth in 2026....
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