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The latest update is out from Renesas Electronics ( (JP:6723) ).
Renesas Electronics has entered into a Restructuring Support Agreement with Wolfspeed, Inc. to address Wolfspeed’s financial challenges, converting a $2.062 billion deposit into convertible notes, common stock, and warrants. This move is expected to result in a significant loss for Renesas, estimated at approximately 250 billion yen, impacting its financial statements for the first half of 2025, but it aims to strengthen its position in the semiconductor industry by acquiring a substantial stake in Wolfspeed.
The most recent analyst rating on (JP:6723) stock is a Buy with a Yen2700.00 price target. To see the full list of analyst forecasts on Renesas Electronics stock, see the JP:6723 Stock Forecast page.
More about Renesas Electronics
Renesas Electronics Corporation is a leading global provider of microcontrollers, offering expertise in embedded processing, analog, power, and connectivity to deliver comprehensive semiconductor solutions. The company focuses on accelerating time to market for automotive, industrial, infrastructure, and IoT applications, enabling billions of connected, intelligent devices.
YTD Price Performance: -5.57%
Average Trading Volume: 14,225,532
Technical Sentiment Signal: Hold
Current Market Cap: Yen3434.2B
For a thorough assessment of 6723 stock, go to TipRanks’ Stock Analysis page.