Renesas Electronics' second quarter revenue was 358.8 billion yen, a slight decrease year-on-year

Renesas Electronics released its second quarter 2024 financial report on July 25, which showed that the company's revenue was 358.8 billion yen, a year-on-year decrease of 2.7%. Despite this, Renesas Electronics is still actively seeking new growth opportunities, such as acquiring Transphorm and acquiring its GaN technology to develop new power solutions, including X-in-1 powertrain solutions for electric vehicles.