Renesas Electronics: Meeting with the CFO

We met with CFO Shuhei Shinkai during the Japan Big Tech Tour. His key messages were: (1) Renesas has a three-stage growth strategy, with growth expected to materialize in the following order: AI infrastructure, SDV/Physical AI, and intelligence at the Edge; (2) strategies for AI infrastructure (PMICs and memory interfaces) and the digital business within intelligence at the Edge are taking shape, whereas the company is still exploring its strategy for SDV/Physical AI, partly due to the challenging competitive environment; (3) investment will focus on expanding in-house production capacity and pursuing M&A in both digital and hardware businesses;