Renesas is engaged in something of a renaissance under CEO Bunsei Kure (pictured) who took over in May 2016.

In February 2017, Renesas bought Intersil for $3.2 billion.

Five years before that, in 2012, Renesas had to be bailed out by the Japanese government with the bail-out fund INCJ taking a two thirds stake in Renesas for $1.8 billion.

At that time KKR, the New York private equity outfit, was stalking Renesas.

In Q2 Renesas had sales of $1.8 billion at a gross margin of 45%.