|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||9.66 - 9.66|
|52-week range||8.70 - 14.00|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||24.09|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Japanese semiconductor maker Renesas Electronics Corp. has no plans to build chip factories in the United States and will continue to expand production in Japan instead, chief executive officer Hidetoshi Shibata said on Wednesday. "When it comes to front-end production, I don't necessarily believe there are good supplies of ingredients in geographies like Europe or the U.S.," said Shibata. While keeping manufacturing focused in Japan presented risks, with earthquakes sometimes disrupting production, Shibata said Renesas was investing in technologies to cope with challenges from natural disasters.
(Bloomberg) -- It’s getting complicated for investors in semiconductor stocks, with last year’s big chip shortage morphing into an inventory glut for some companies, and others getting caught up in geopolitics.Most Read from BloombergElon’s OutTrump Lashes Out at Elon Musk and ‘Rotten’ Twitter DealWall Street Sours on Stocks in Anemic Trading Day: Markets WrapBiden Administration to Again Extend the Covid Public-Health Emergency Rivian Plans Hundreds of Job Cuts Following Surge in StaffingThe Co
Japanese chipmaker Renesas Electronics Corp and India's Tata Motors have formed a strategic partnership to design, develop and make semiconductor solutions, the firms said on Wednesday. The move comes as a persistent global shortage of semiconductor chips has hobbled the automotive and electronics industries, among others, forcing production cutbacks, while highlighting global dependence on a few sources, such as Taiwan. Renesas will collaborate with Tata Motors, India's biggest manufacturer of electric cars, on developing "next-generation automotive electronics" to accelerate the growth of electric and connected vehicles, the companies said in a statement.