Steradian

Renesas Reports Financial Results for the Year Ended December 31, 2023

Retrieved on: 
Thursday, February 8, 2024
Technology, Hardware, Semiconductor, Acquisition, Consolidated, Steradian, Renesas Electronics, Electronics, Cryptocurrency

The Group plans to post the materials which are provided at the meeting, on the Group’s website on that day.

Key Points: 
  • The Group plans to post the materials which are provided at the meeting, on the Group’s website on that day.
  • We caution you in advance that actual results may differ materially from such forward-looking statements due to changes in several important factors.
  • The revised allocation of the acquisition costs has been reflected in the consolidated financial results for the year ended December 31, 2022, as well as the consolidated financial results for the three months ended June 30 and September 30, 2023.
  • For details, please refer to Appendix 3.5, “Notes to Consolidated Financial Statements (Business Combinations)” on page 19.

Renesas Reports Financial Results for the Third Quarter Ended September 30, 2023

Retrieved on: 
Thursday, October 26, 2023
Semiconductor, IOT (Internet of Things), Hardware, Consumer Electronics, Technology, Consolidated, Steradian, Renesas Electronics, Electronics, GAAP, Acquisition, Bank, Cryptocurrency

The non-GAAP gross margin and the non-GAAP operating margin forecasts are provided assuming the midpoint in the non-GAAP revenue forecast.

Key Points: 
  • The non-GAAP gross margin and the non-GAAP operating margin forecasts are provided assuming the midpoint in the non-GAAP revenue forecast.
  • The allocation of the acquisition costs for the business combination with Steradian has been revised at the end of three months ended March 31, 2023.
  • This revision to the allocation of the acquisition costs has been reflected in the consolidated financial results for the year ended December 31, 2022.
  • For details, please refer to Appendix 1.5, “Notes to Condensed Consolidated Financial Statements (Business Combinations)” on page 17.

Renesas Reports Financial Results for the Second Quarter Ended June 30, 2023

Retrieved on: 
Thursday, July 27, 2023
Semiconductor, Hardware, General Automotive, Technology, Automotive, Steradian, Consolidated, Electronics, Acquisition, GAAP, Renesas Electronics, Bank

Changes in significant subsidiaries for the six months ended June 30, 2023: No

Key Points: 
  • Changes in significant subsidiaries for the six months ended June 30, 2023: No
    1.
  • The allocation of the acquisition costs for the business combination with Steradian has been revised at the end of three months ended March 31, 2023.
  • This revision to the allocation of the acquisition costs has been reflected in the consolidated financial results for the year ended December 31, 2022.
  • For details, please refer to Appendix 1.5, “Notes to Condensed Consolidated Financial Statements (Business Combinations)” on page 16.

Automotive HMI Market worth $40.2 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, June 7, 2023
Level 2, Visteon, Volkswagen Golf, BMW AG, Steradian, Original equipment manufacturer, HMIS, IVI, BMW 7 Series, Automotive industry, Attention, LADA, HUD, HMI, DSP Group, Government, Acquisition, BMW, Hyundai, Developed country, Machine learning, Tesla Model S, Mercedes-Benz S-Class, Artificial intelligence, Growth, ADAS, System, Class D, Safety, Audi A8, Software, Transport, Mobile phone, Video game, Valeo, Luxoft

The automotive HMI market is expected to be dominated by luxury passenger cars as the demand for premium vehicles has grown significantly in recent years.

Key Points: 
  • The automotive HMI market is expected to be dominated by luxury passenger cars as the demand for premium vehicles has grown significantly in recent years.
  • The Mercedes-Benz S-Class, BMW 7 Series, Audi A8, and Tesla Model S are examples of luxury passenger car models that feature various HMI products.
  • Asia Pacific is expected to account for the largest share of the Automotive HMI Market.
  • However, a gradual rise in the demand for feature-rich features with some additional cost would drive the demand for the automotive HMI market in the region.

Automotive HMI Market worth $40.2 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, June 7, 2023
Level 2, Visteon, Volkswagen Golf, BMW AG, Steradian, Original equipment manufacturer, HMIS, IVI, BMW 7 Series, Automotive industry, Attention, LADA, HUD, HMI, DSP Group, Government, Acquisition, BMW, Hyundai, Developed country, Machine learning, Tesla Model S, Mercedes-Benz S-Class, Artificial intelligence, Growth, ADAS, System, Class D, Safety, Audi A8, Software, Transport, Mobile phone, Video game, Valeo, Luxoft

The automotive HMI market is expected to be dominated by luxury passenger cars as the demand for premium vehicles has grown significantly in recent years.

Key Points: 
  • The automotive HMI market is expected to be dominated by luxury passenger cars as the demand for premium vehicles has grown significantly in recent years.
  • The Mercedes-Benz S-Class, BMW 7 Series, Audi A8, and Tesla Model S are examples of luxury passenger car models that feature various HMI products.
  • Asia Pacific is expected to account for the largest share of the Automotive HMI Market.
  • However, a gradual rise in the demand for feature-rich features with some additional cost would drive the demand for the automotive HMI market in the region.

Renesas Reports Financial Results for the First Quarter Ended March 31, 2023

Retrieved on: 
Thursday, April 27, 2023
Technology, Hardware, Semiconductor, Consumer Electronics, Steradian, Consolidated, Electronics, Acquisition, GAAP, Renesas Electronics, Bank

The non-GAAP gross margin and the non-GAAP operating margin forecasts are provided assuming the midpoint in the non-GAAP revenue forecast.

Key Points: 
  • The non-GAAP gross margin and the non-GAAP operating margin forecasts are provided assuming the midpoint in the non-GAAP revenue forecast.
  • Changes in significant subsidiaries for the three months ended March 31, 2023: No
    1.
  • This revision to the allocation of the acquisition costs has been reflected in the consolidated financial results for the year ended December 31, 2022.
  • For details, please refer to Appendix 1.5, “Notes to Condensed Consolidated Financial Statements (Business Combinations)” on page 12.

Renesas Unveils First Family of Automotive Radar Transceivers with Industry’s Highest Accuracy and Lowest Power Consumption

Retrieved on: 
Wednesday, November 16, 2022
Semiconductor, Automotive, Automotive Manufacturing, General Automotive, Technology, Manufacturing, Hardware, Renesas Electronics, Level 3, Steradian, Senior, ReMarkable, Radar, Winning Combinations: Deep Purple and Rainbow, Multimedia, MIMO, Safety, IATF, ADAS, Enterprise Electronics Corporation, IATF 16949, MMIC, Land grid array, Combination, IOT, TSE, ADC, Instrumentation, Television

Leveraging automotive expertise accumulated through years of global customer engagements, Renesas will incorporate the new RAA270205 high-definition radar transceiver into its growing sensor fusion portfolio, which combines radar, vision systems, and other sensing modalities.

Key Points: 
  • Leveraging automotive expertise accumulated through years of global customer engagements, Renesas will incorporate the new RAA270205 high-definition radar transceiver into its growing sensor fusion portfolio, which combines radar, vision systems, and other sensing modalities.
  • The new transceiver MMIC (monolithic microwave integrated circuit) is especially suited for imaging radar, long-range forward-looking radar and 4D radar, but can also be used for corner and central-processing radar architectures, the so-called satellite automotive radar systems.
  • Power consumption of 1.2W is 50 percent lower than comparable transceivers and it delivers a noise figure of 9dB, which is 3dB less than other radar transceivers.
  • Renesas has plans to combine the RAA270205 transceiver with other compatible devices from its portfolio to support automotive radar systems.

Renesas Completes Acquisition of Steradian

Retrieved on: 
Monday, October 17, 2022
Other Manufacturing, Technology, Semiconductor, Automotive, Automotive Manufacturing, Manufacturing, Software, Hardware, Autonomous Driving, Vehicles, LinkedIn, Uncertainty, IOT, Risk, Efficiency, Enterprise Electronics Corporation, YouTube, Perception, Twitter, Instagram, Technology, Software, Acquisition, An Absolutely Remarkable Thing, Nature, ADAS, Radar, Forward-looking statement, TSE, Solution, Engineering, Instrumentation, Risk management, Steradian, Renesas Electronics, Facebook

Renesas Electronics Corporation (TSE:6723, Renesas), a premier supplier of advanced semiconductor solutions, today announced that it has completed the acquisition of Steradian Semiconductors Private Limited (Steradian), a fabless semiconductor company providing 4D imaging radar solutions, as of October 17, 2022.

Key Points: 
  • Renesas Electronics Corporation (TSE:6723, Renesas), a premier supplier of advanced semiconductor solutions, today announced that it has completed the acquisition of Steradian Semiconductors Private Limited (Steradian), a fabless semiconductor company providing 4D imaging radar solutions, as of October 17, 2022.
  • With the completion of the acquisition, Steradian has become a wholly owned subsidiary of Renesas.
  • This announcement may contain certain statements that are, or may be deemed to be, forward-looking statements with respect to the financial condition, results of operations and business of Renesas and/or Steradian and/or the combined group following completion of the Acquisition and certain plans and objectives of Renesas with respect thereto.
  • Except as expressly provided in this announcement, no forward-looking or other statements have been reviewed by the auditors of the Renesas group or Steradian.

Renesas to Acquire Steradian to Expand Its Reach in the Radar Market

Retrieved on: 
Wednesday, August 31, 2022
Software, Performance & Special Interest, Hardware, Data Management, General Automotive, Technology, Autonomous Driving, Vehicles, Automotive, Semiconductor, Public Relations, Investor Relations, Communications, Other Automotive, Software, CEO, Technology, TSE, Motorcycle, Perception, Engineering, YouTube, Solution, Nature, Acquisition, ReMarkable, IOT, LinkedIn, Forward-looking statement, User interface, ADAS, Enterprise Electronics Corporation, Instagram, Leadership, Lidar, RADAR, Advanced driver-assistance systems, Twitter, Hertz, Weather, Radar, HMI, Efficiency, Risk, Uncertainty, ICS, Â, Instrumentation, Risk management, Steradian, Automotive industry, Renesas Electronics, Facebook

The acquisition of Steradian's radar technology will enable Renesas to extend its reach in the radar market and boost its automotive and industrial sensing solution offerings.

Key Points: 
  • The acquisition of Steradian's radar technology will enable Renesas to extend its reach in the radar market and boost its automotive and industrial sensing solution offerings.
  • To respond to such growth potential, Renesas is expanding its automotive product portfolio with Steradians radar technology.
  • Radar is an indispensable technology for ADAS, which uses a complex combination of various sensors, said Hidetoshi Shibata, President and CEO of Renesas.
  • "Renesas' industry-leading portfolio of embedded solutions and broad customer base serve as an ideal foundation to maximize Steradians radar technology worldwide, said Gireesh Rajendran, CEO of Steradian.