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Renesas Electronics Reports Third Quarter 2017 Financial Results

TOKYO, Japan, November 2, 2017 ― Renesas Electronics Corporation (TSE:6723, “Renesas”), a premier supplier of advanced semiconductor solutions, today reported financial results for the third quarter ended September 30, 2017.

“We have been continuously improving our gross and operating margins by pursuing sales growth and cost efficiency”, said Bunsei Kure, President and CEO, Renesas Electronics Corporation. “Our third quarter non-GAAP semiconductor sales increased by 29.6% year on year, driven by increased sales mainly in the automotive and industrial businesses, and the dissipation of the impact from the Kumamoto earthquake that occurred in the same period a year ago, in addition to the integration of Intersil. We expect to achieve traction in semiconductor sales and gross margin during the coming quarter on a year-on-year basis.”
For further info, please assess the link below:
https://www.renesas.com/en-hq/about/press-center/news/2017/news20171102a.html