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Renesas Grows but ‘Unbelievable’ Orders Trigger Concerns

Renesas grew strongly in the second quarter but the Japanese chip maker said market uncertainties and unusual orders cloud its outlook.
semiconductor sales and orders and inventory

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By Bolaji Ojo

Renesas Electronics Corp. entered the second half of 2022 significantly stronger than it began the year, but the automotive semiconductor giant is proceeding cautiously with future production and inventory plans and will be closely watching order patterns due to what executives see as substantial mismatches in orders and consumption patterns.

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