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11.08.26 - 22:48
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SiTime CEO on Role in AI Data Centers, Renesas Deal (Bloomberg)
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Rajesh Vashist, Chairman and CEO of SiTime, discussed the company's impressive triple-digit year-over-year revenue growth, attributing much of the acceleration to AI-driven demand and the expanding data center market. SiTime's technology plays a critical role in timing synchronization across various data center components, including TPUs, GPUs, switches, accelerator cards, optical modules, and cables, ensuring high performance and cost efficiency. He speaks with Romaine Bostick & Isabelle Lee on "The Close." (Source: Bloomberg)...
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31.07.26 - 08:33
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Renesas Reports Financial Results for the Second Quarter Ended June 30, 2026 (Business Wire)
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TOKYO--(BUSINESS WIRE)--#InvestorRelations--Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results in accordance with IFRS for the three and six months ended June 30, 2026.
Summary of Consolidated Financial Results (Note 1)
Summary of Consolidated Financial Results (Non-GAAP basis) (Note 2)
Three months ended
June 30, 2026
Six months ended
June 30, 2026
Billion yen
% of Revenue
Billion yen
% of Revenue
Revenue
405.3
100.0
777.6
100.0
Gross profit
235.3
58.1
455.6
58.6
Operating profit
132.7
32.7
258.2
33.2
Profit attributable to owners of parent
113.3
28.0
216.2
27.8
EBITDA (Note 3)
154.3
38.1
300.5
38.6
Summary of Consolidated Financial Results (IFRS basis)
Three months ended
June 30, 2026
Six months ended
June 30, 2026
Billion yen
% of Revenue
Billion yen
% of Revenue
Revenue
418.4
100.0
798.7
100.0
Gross profit
245.1
58.6
468.4
58.6
Operating profit
102.1
24.4
192.7
24.1
Profit attributable to owners of parent
149.2
35.7
217.3
27.2
EBITDA (Note 3)
148.9
35...
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01.07.26 - 11:03
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SiTime Completes Acquisition of Renesas′ Timing Business (Business Wire)
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Accelerates Path to $1 Billion of Revenue as the Premier Pure-Play Precision Timing CompanySANTA CLARA, Calif. & TOKYO--(BUSINESS WIRE)--SiTime Corporation (Nasdaq: SITM) (“SiTime” or the “Company”), the Precision Timing company, today announced that it has completed the acquisition of certain assets from Renesas Electronics Corporation (TSE: 6723) (“Renesas”).Rajesh Vashist, chairman and CEO of SiTime, said, “SiTime has created the Precision Timing category, and is the only semiconductor company fully dedicated to all aspects of timing. The acquisition of Renesas' timing business marks a monumental milestone that will transform SiTime. We are accelerating our path to $1B in revenue, growing our clocking portfolio by 10x, expanding our presence in the high-growth AI datacenter market and scaling our gross margins to the higher end of our target range. As we continue to innovate to provide the most compelling system solutions that solve difficult timing problems, we expect to get even clos...
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23.06.26 - 07:09
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Renesas Promotes Gaurang Shah to Senior Vice President (Business Wire)
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TOKYO--(BUSINESS WIRE)--#Renesas--Renesas Electronics Corporation (TSE:6723), a premier supplier of advanced semiconductor solutions, today announced that Gaurang Shah will be promoted to Senior Vice President, effective July 1, 2026. He will continue to serve as General Manager of Embedded Processing.
Shah was appointed Vice President and General Manager of Embedded Processing on January 1, 2026, where he assumed leadership of the Embedded Processing Product Group following organizational changes to enhance integration across embedded processing and connectivity solutions. He has also been a member of the company's Enterprise Leadership Team.
This promotion reflects Shah's continued leadership and contributions to advancing Renesas' embedded processing business and strengthening its position in delivering integrated solutions to customers.
About Renesas Electronics Corporation
Renesas Electronics Corporation (TSE: 6723) empowers a safer, smarter and more sustainable future where technology helps make ...
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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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