Renesas Electronics Corporation · TSE:6723
Renesas Electronics — Investor Day (May 2024)
18 slides from Renesas Electronics's investor day presentation, May 16, 2024
Slide 1: Power
POWER MAY 16, 2024 CHRIS ALLEXANDRE SVP AND GM OF POWER PRODUCT GROUP RENESAS ELECTRONICS CORPORATION © 2024 Renesas Electronics Corporation. All rights reserved.
Slide 2: At a Glance
AT A GLANCE POWER Our products and technologies 2023 Revenue Power Management Computing Power Discrete & Integrated Circuit (PMIC) ASIC Wide Battery Management Bandgap PMIC Catalog Power Management System (BMS) Battery Management Catalog Power Diversified portfolio serving key segments & megatrends
Slide 3: Expanding Power Portfolio with GaN
EXPANDING POWER PORTFOLIO WITH GaN ACCELERATING POWER GROWTH BY BROADENING OFFERING ACCESSING ADDITIONAL SAM expanding $13B* SAM in Infrastructure & Computing xEV / eMobility Industrial Attached to drivers and controllers = solutions enabling full end-to end power ecosystem 2H 2024 140W/240W USB PD3
Slide 4: Power Strategy and Segment Focus
POWER STRATEGY AND SEGMENT FOCUS Focus areas Strategy Infrastructure / AI & Computing Vertical approach Solution & attach approach ▪ Laser focus on fast growing SAM ▪ Full BOM focus with AI infrastructure more products per systems (IC with tailored solutions for each market + Discrete) Other server
Slide 5: Growth Drivers
GROWTH DRIVERS POWER Revenue Growth drivers (oku yen) Compute Power 8,000 Infrastructure Automotive Power discrete & Wide Bandgap & AI Catalog Power Control Infotainment 6,000 Power discrete & Wide Bandgap Automotive ADAS Battery Management System xEV Catalog Power xEV Growth driver PMIC attach to S
Slide 6: Power Portfolio Fueling Large Opportunity
POWER PORTFOLIO FUELING LARGE OPPORTUNITY COMPREHENSIVE PRODUCTS PORTFOLIO FOR APPLICATION IN AI & DATACENTER SERVERS Renesas existing products & content $700-$2,200 Switch Switch Power Content per Rack SoC 4th Gen Digital Multiphase Controllers 48V IBC 3rd Gen Smart Power Stages $100-$200 PHY PHY …
Slide 7: Broad Adoption Across Diverse Applications
BROAD ADOPTION ACROSS DIVERSE APPLICATIONS TOP RANKED AND ESTABLISHED SUPPLIER ACROSS ALL KEY PLAYERS Renesas’ differentiating factors Renesas adoption ▪ All top 7 cloud providers x64 Digital controller leadership platforms ▪ Innovative 4th gen. high performance solution ▪ Flexible & fully programma
Slide 8: AI System Power SAM Is Growing Exponentially
AI SYSTEM POWER SAM IS GROWING EXPONENTIALLY DRIVEN BY POWER CONTENT, POWER ASP, AND SYSTEM UNIT VOLUMES Power consumption per SoC Compute Power SAM Growth Drivers (Watts) CPU Switch GPU/TPU ($M) ■ AI Power SAM ■ Non-AI Power SAM Higher power content per SoC 6,000 4,000 CAGR 3x to 5x more sockets fo
Slide 9: Renesas Powers Edge / Client AI
RENESAS POWERS EDGE / CLIENT AI EDGE / CLIENT AI ACHIEVES SCALE PC shipment forecast AI PC contents increase AI PC-based power revenue (Unit) AI PC Volume 400M Std PC Unit Volume Standard PC $3+ content AI PC Share VR CAGR CPU GPU 300M 70% 95% 60% 200M AI PC $7+ content 100M 19% CPU GPU VR 2023 2024
Slide 10: AI Will Accelerate Revenue Growth Through 2030
AI WILL ACCELERATE REVENUE GROWTH THROUGH 2030 GROWTH DRIVERS ACROSS AI CLIENT, AI INFRASTRUCTURES AND SERVER & CLOUD Existing In active design Expected Computing power Renesas revenue business with Renesas business ■ AI Revenue ■ Non-AI Revenue CAGR 30+ AI PC platforms Next-gen AI PC (oku yen) AI c
Slide 11: Portfolio Serving All Automotive Market
PORTFOLIO SERVING ALL AUTOMOTIVE MARKET MORE CONTENT IN ALL CARS, ACCELERATION WITH xEV Global xEV production (M Unit) DC/DC, OBC 60 CAGR Si MOSFET, SiC, 40 14% IGBT and GaN 20 Faster charging 0 2022 2030 PWR TAM of semiconductor in xEV Inverter, Battery Management ($B) IGBT, SiC, Driver 20 BMS Othe
Slide 12: Discrete & Wide Bandgap Business Update
DISCRETE & WIDE BANDGAP BUSINESS UPDATE EXPANDING BUSINESS BEYOND AUTOMOTIVE & DIVERSIFICATION OF CUSTOMER BASE High voltage product business New products road map ▪ Moving to include Industrial package / module in 2024 2025 2026 2027 2028 addition to Auto bare die ▪ Expanding to North America, Euro
Slide 13: Near Term IGBT Outlook
NEAR TERM IGBT OUTLOOK FOCUS ON DIVERSIFICATION TO ENABLE SUSTAINABLE AND CONSISTENT GROWTH IGBT design-in momentum New business – volume forecast (oku yen) 1,000 ■ Automotive ■ Industrial Recent Engagement / D-Ins ■ Confirmed D-ins ■ Active Opportunities CAGR 800 Automotive 100% CAGR 2 x Europe Tie
Slide 14: SiC Development Update
SiC DEVELOPMENT UPDATE PROGRESS IN TECHNOLOGY DEVELOPMENT, GETTING READY FOR LAUNCH High performance, Ruggedness, Quality & Supply Assurance SiC family development plan Performance benchmarking 10 ▪ Fab launch on track for 2H/2024 ▪ Gen 1 ready to go for programs ramping in 2025-2026 ▪ 6” Gen 1 SiC
Slide 15: Power Solution Sell Strategy to Scale
POWER SOLUTION SELL STRATEGY TO SCALE LEVERAGE RENESAS STRENGTH AND FOOTPRINT IN DIGITAL AND IN ANY MARKETS ~$3B SAM in 2024 for attach with Renesas digital and power Growing Catalog revenue CAGR >15% SAM growing ~10% CAGR to 2030 through increased attach Renesas existing business Potential power at
Slide 16: Summary
SUMMARY GET POWERED BY RENESAS Comprehensive power portfolio and strong IP Clear path to steep growth & diversified revenue profile with a vertical segment focus and solution strategy Accelerated growth in AI infrastructure and edge AI Increasing presence in high voltage business. Capitalize on Auto
Slide 17: Thank You
»CENESAS THANK YOU
Slide 18: Forward-Looking Statements
(FORWARD-LOOKING STATEMENTS) The statements in this presentation with respect to the plans, strategies and forecasts of Renesas Electronics and its consolidated subsidiaries (collectively “we”) are forward-looking statements involving risks and uncertainties. Such forward looking statements do not r