TOKYO -- Renesas Electronics on Thursday pushed back its 2030 sales and market capitalization targets by five years, reworking its growth strategy after a slowdown in the electric vehicle market forced an about-face on its plans for power semiconductors.
Semiconductors
Renesas pushes back sales target 5 years after failed bet on power chips
Chipmaker to go 'back to basics' with microcontrollers amid EV slump
Renesas has ended development of silicon carbide power semiconductors, which it had hoped would become a growth driver. (Source photos by Nikkei)
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