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Renesas Aims High but Industry Cycle May Take a Toll

The new Renesas wants all the trappings of a valuable chipmaker -- by 2030.
financials, stock market

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By Bolaji Ojo

What’s at stake:
Renesas is aiming for much higher sales and market value by 2030. CEO Shibata believes the goals are achievable but becoming a $20 billion revenue enterprise with six times the capitalization may not depend solely on the company. The cyclical market will also have to play ball.

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