|Traded as||TYO: 6723|
|Predecessor(s)||NEC Electronics Corporation, Renesas Technology Corporation|
|Founded||November 1, 2002(Started operation on April 1, 2010)|
|Headquarters||Tokyo (registered head office: Kawasaki), Japan|
|Key people||Hisao Sakuta (Representative Director, Chairman and CEO)
Tetsuya Tsurumaru (Representative Director, President and COO)1
|Products||Microcontrollers, Power MOSFETs, mixed-signal ICs, IGBT, Diodes, small signal transistors, display driver ICs, compound semiconductors, ASIC, ASSP|
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.3 Renesas is one of the world's largest manufacturers of semiconductor systems for mobile phones and automotive applications. It is the world's largest manufacturer of microcontrollers and the second largest manufacturer of application processors.4 Renesas is also known for LCD drivers, RF ICs, mixed-signal integrated circuits and system-on-a-chip semiconductors.
"Renesas" is an invented name and a contraction of Renaissance Semiconductor for Advanced Solutions.5
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 earthquake6 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.78 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.9
Renesas Electronics' products include:
- System LSIs
- Discrete devices (diodes, Power MOSFETs, thyristors and triacs, transistors)
- Memory ICs (Flash, SRAM)
The largest stockholders and their ownership ratio of Renesas are as follows.10
|Innovation Network Corporation of Japan||69.15%|
|Japan Trustee Services Bank, Ltd.||8.11%|
|Hitachi, Ltd. (TYO: 6501)||7.66%|
|Mitsubishi Electric Corporation (TYO: 6503)||6.26%|
|Toyota Motor Corporation (TYO: 7203)||2.49%|
|Nissan Motor Co., Ltd (TYO: 7201)||1.49%|
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.11
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.12
- "Executive Team". Renesas Electronics Corporation. Jun 2013. Retrieved 1 July 2013.
- "Company profile". Renesas Electronics Corporation. March 2013. Retrieved 1 July 2013.
- "Renesas Electronics Corporation Commences Operations". Renesas Electronics Corporation. 1 April 2010. Retrieved 21 April 2011.
- Stefan Constantinescu (18 February 2008). "Renesas became the world's number 2 supplier of application processors practically overnight". Retrieved 2009-05-21.
- "Mitsubishi, Hitachi to merge chip businesses". EE Times. 3 October 2002. Retrieved 13 October 2012.
- “Quake-hit Renesas plant restarts production” June 5, 2011 The Daily Yomiuri
- “Japan's Renesas seeks to cut 12 pct of workforce” July 3, 2012 Reuters.
- “Renesas aims to complete restructuring in 3 years” July 3, 2012 Reuters.
- "News Release: Termination of 4th Generation Modem Business". Renesas Electronics Corporation. 27 June 2013. Retrieved 1 July 2013.
- "Distributions of Shareholders and Shares". Renesas Electronics Corporation. 30 September 2013. Retrieved 23 November 2013.
- "Renesas Electronics Announces Partial Correction and Update on "Renesas Electronics Announces Share Issue through Third-Party Allotment, and Change in Major Shareholders, Largest Shareholder who is a Major Shareholder, Parent Company and Other Related Companies"". Renesas Electronics Corporation. September 30, 2013.
- Mari Saito and Ayai Tomisawa (May 22, 2012). "Japan's Renesas to cut 6,000 jobs, raise capital". Reuters.