日本芯片巨头，亏惨了

Core Viewpoint - Renesas Electronics has postponed its sales and market capitalization targets for 2030 to 2035 due to a slowdown in the electric vehicle market, necessitating a complete overhaul of its power semiconductor strategy [1][2]. Group 1: Sales and Market Capitalization Targets - The company initially aimed to double its sales to approximately $20 billion and increase its market capitalization sixfold to over ¥10 trillion (around $7 billion) by 2030, but this has now been pushed back to 2035 [1]. - Following the announcement, Renesas's stock price fell by 12%, closing at ¥1735.5 [1]. Group 2: Challenges in Power Semiconductor Development - Renesas had high hopes for silicon carbide (SiC) power semiconductors, which can withstand higher voltages and enhance electric vehicle range, but has now halted the development of SiC chips and some high-voltage silicon power semiconductors [2][3]. - The company had planned to start mass production of SiC chips at its Takasaki plant but has since terminated this initiative due to disappointing electric vehicle sales in Europe and the U.S. [3]. Group 3: Financial Implications and Market Competition - Renesas is expected to incur a loss of ¥250 billion in 2025 due to a deteriorating financial situation at Wolfspeed, with whom it had a 10-year silicon carbide wafer procurement contract [4]. - The company's average net profit over the past three years was approximately ¥270 billion, meaning the anticipated loss could wipe out nearly all profits for that year [4]. Group 4: Strategic Shift and Future Plans - The company plans to "return to basics" by bundling microcontrollers, its core strength, with other chips and software to provide greater value [5]. - Renesas aims to increase its market share in microcontrollers to 10%-15% of total sales in the medium to long term, while also adjusting its operating profit margin target down by 5 percentage points to 25% [6]. - The company intends to increase R&D spending to seek new growth drivers [6].