China Taiwan Electronics Times reported that recently, Renesas CEO Hidetoshi Shibata (Hidetoshi Shibata) said that this round of global chip shortage will be alleviated in mid-2023.
Information shows that Renesas 2022Q2 total revenue of 376.6 billion yen, an increase of nearly 73% year-on-year, an increase of nearly 9%, the automotive business growth is relatively flat, while the industrial / IoT business is growing rapidly.
Specifically, automotive revenue was 163.8 billion yen, up 54.3% year-over-year and 6.4% sequentially. In terms of inventory of automotive products, the inventory of related products improved little from the previous quarter and was well below the expected inventory.
At this stage, the chip shortage in the automotive sector is gradually easing, but we continue to see some shortages and, more importantly, growth remains a strong driver for the foreseeable future. In particular, the fundamentals of ADAS and electric vehicles are intact and will provide strong structural growth opportunities for these automotive chip majors.
In an interview recently, Hidetoshi Shibata said that Renesas does not intend to build a chip factory in the United States, and will continue to expand production capacity in Japan. He said, in terms of front-end production, Europe or the United States and other regions may not have a good supply of raw materials, Renesas is investing in natural disaster challenges and other related technologies, and to keep some inventory in case of emergency.
Customers in the automotive industry are currently trying out Renesas' first 7nm chips. Shibata Hidetoshi said that the automotive chip is generally using a more mature process technology, Renesas expansion will continue to use the 40nm process.
Renesas also recently announced the completion of its acquisition of Reality Analytics, Inc. (Reality AI), an outstanding provider of embedded AI solutions, on July 19, 2022, after receiving approval from Reality AI shareholders and regulators.
The acquisition will enable Renesas Electronics to expand its suite of tools and software products for AI applications and enhance Renesas Electronics' own ability to provide highly optimized endpoint solutions combining hardware and software. Among other things, combining Reality AI's AI inference technology with Renesas Electronics' MCU and MPU products will enable a seamless integration of machine learning and signal processing.
source：aijiwei
