Renesas Electronics' revenue slightly decreased in the first quarter of 2024

Renesas Electronics' first quarter 2024 financial report shows that its Q1 revenue was 351.8 billion yen, down 2.2% year-on-year; its net profit attributable to shareholders was 105.9 billion yen, down 1.6% year-on-year. Renesas Electronics plans to start producing next-generation power semiconductor products using SiC in 2025.