Streetbeat News

RNECY

Renesas Electronics Corporation

https://www.renesas.com/jp/ja/

CEO

Hidetoshi Shibata

Industry

Semiconductor and Related Device Manufacturing

Open

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Mkt cap

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Volume

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High

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P/E Ratio

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52-wk high

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Low

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Div yield

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52-wk low

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JPMorgan's 52nd annual Global Technology, Media, and Communications Conference highlighted an optimistic outlook for the semiconductor industry, driven by cyclical improvements and AI demand. Companies like AMD, Micron, and Arm are expected to benefit from this upcycle, with strong demand for AI infrastructure and memory products.

Portfolio Pulse from Surbhi Jain

May 23, 2024 | 4:09 pm

Renesas Electronics plans to acquire Sequans Communications for approximately $249 million, including net debt. The transaction, which values Sequans at $3.03 per ADS, is expected to close by Q1 2024, subject to regulatory approvals and other conditions.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 7:24 am

Wolfspeed Inc's shares are trading higher by around 15% after it disclosed a 10-year silicon carbide wafer supply deal with Renesas Electronics Corporation. The deal includes a $2 billion deposit by Renesas and will support the adoption of silicon carbide across automotive, industrial, and energy markets. The deposit is expected to aid Wolfspeed's ongoing capacity construction projects, such as creating the world's largest silicon carbide materials factory in North Carolina.

Portfolio Pulse from Lekha Gupta

July 05, 2023 | 10:56 am

Renesas has signed a 10-year silicon carbide wafer supply agreement with Wolfspeed, backed by a $2 billion deposit from Renesas. The supply of high-quality silicon carbide wafers will enable Renesas to scale production of silicon carbide power semiconductors starting in 2025. The deposit will support Wolfspeed's ongoing capacity construction projects.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 9:02 am

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