Ex-banker behind chipmaker Renesas targets US$100bil value


Renesas Electronics CEO Hidetoshi Shibata. — Bloomberg

Tokyo: A decade ago, Renesas Electronics Corp was under government control and bleeding cash.

Now worth US$35bil, the Japanese chipmaker is targeting a market value of around US$100bil by 2030, thanks to a string of overseas acquisitions.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Betamek wins six-year Perodua contract worth RM176mil
SSBB launches mandatory offer for Nova Pharma after RM18.19mil stake buy
Crest Builder secures RM73.9mil mixed-use project subcontract
FBM KLCI steadies by midday as bargain-hunting trims early losses
Malaysia’s inflation rises 1.4% in November, below expectations
Gold hits record high on Fed rate-cut bets; silver scales fresh peak
Ringgit Asia’s best-performing currency this year, on track to strengthen further in 2026
Transition of MASwings operations to airborneo effective Jan 1, 2026
Foreign investors extend selling streak, pull RM363.3mil from Bursa Malaysia
Coastal Contracts secures US$1.14bil Pemex gas project in Mexico

Others Also Read