Chipmaker Renesas adding to electric-vehicle team in China
Development staff will also focus on 'internet of things' applications
SHUNSUKE TABETA, Nikkei staff writer
BEIJING -- Renesas Electronics plans to double its team of chip developers for the Chinese market to 100 staffers in two years, with an emphasis on applications for electric vehicles and the "internet of things."
The Tokyo-based chipmaker has roughly 400 developers in China, yet the vast majority work on Japan-related projects. Renesas partnered with Great Wall Motors in May to develop chip technology for electric vehicles and self-driving cars, and recently set up a center overseeing chip solutions for electric vehicles in the Chinese market.
"China is the trend setter in the electric-vehicle field, and is on the way to becoming the global leader in the internet of things," Renesas Chairman Tetsuya Tsurumaru told The Nikkei on Friday. "We will focus on developing new technologies in China to grow our Chinese business."
China accounts for a fifth of the company's overall sales, second only to Japan. Renesas, which sees China's semiconductor market expanding more than 10% a year for the time being, will strive to grow its Chinese operations by double digits as well.