Japan chipmaker Renesas targets India for over 10% of sales

Company eyes collaboration with local tech universities to hire talent

20240516N Renesas logo

Renesas and other chipmakers are expanding business in India. © Reuters

RYO MUKANO, Nikkei staff writer

TOKYO -- Japanese chipmaker Renesas Electronics seeks to boost sales in India from less than 5% of the 2022 total to between 10% and 15% by 2030, aiming to meet demand in the fast-growing economy's industrial equipment and tech sectors.

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