Renesas 1Q25: Revenue up 2% q/q & down -16% y/y to $2B. Shallow declines in auto. Industrial seems to have turned the corner. Fab utilization picks up. In-house inventory down q/q and will stay flat in QJun. SiC fab on hold due to demand uncertainty. 2H auto growth driven by 28nm MCU ramp.
Source: Sravan Kundojjala
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