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Renesas Electronics ( (JP:6723) ) has shared an announcement.
Renesas Electronics has announced the establishment of a new subsidiary in the United States to serve as a holding company for its Software & Digitalization business. This move is part of Renesas’ strategy to strengthen its position in the digitalization sector, following its acquisition of Altium Limited and Part Analytics, Inc. The new subsidiary will consolidate the shares of its related subsidiaries, enhancing governance and operational efficiency, and allowing for flexible business development and resource allocation. Although the new subsidiary will be a specified subsidiary of Renesas, it is not expected to have a material impact on the company’s financial results for the fiscal year ending December 31, 2025.
The most recent analyst rating on (JP:6723) stock is a Buy with a Yen2700.00 price target. To see the full list of analyst forecasts on Renesas Electronics stock, see the JP:6723 Stock Forecast page.
More about Renesas Electronics
Renesas Electronics Corporation is a leading global provider of microcontrollers, specializing in embedded processing, analog, power, and connectivity solutions. The company focuses on delivering complete semiconductor solutions for automotive, industrial, infrastructure, and IoT applications, enabling connected and intelligent devices.
Average Trading Volume: 13,927,824
Technical Sentiment Signal: Hold
Current Market Cap: Yen3356.9B
See more insights into 6723 stock on TipRanks’ Stock Analysis page.