Renesas Technology Corp.—in semiconductors for embedded systems—Xi'an RealMicro System Technology Co. Ltd (RealMicro), a developer of software for embedded use, and Xi'an Capitech Venture Capital Co. Ltd (Capitech), an investing company, announced an investment and collaboration agreement between Renesas, Capitech, and Xi’an RealMicro Investment Consulting Company (RMIC), an investing company and a parent company of RealMicro. Renesas and Capitech will each invest 8M RMB and establish an equity stake in RealMicro with RMIC. The three companies will begin jointly managing Real Micro when obtaining approval from the Chinese government.
The agreement will enable Real Micro to develop and provide technical support for system solutions incorporating Renesas’ system-on-chip (SoC) products for digital home appliances and consumer electronics for Chinese market. Renesas, RealMicro, and Capitech will expand the business in China and promote the local businesses of the Xi'an area.
As development and manufacturing resources for building optical disk drives (ODDs) and consumer electronics such as DVD recorders and LCD TVs, are becoming concentrated in China, manufacturers of these devices are seeking solutions that cost less and can be brought quickly to market. By leveraging its strength in the consumer electronics segment and collaborating with RealMicro, Renesas will be able to deliver a system solution tailored for the market and help manufacturers of consumer electronics to accelerate their development for further business expansion.
As development and manufacturing resources for building optical disk drives (ODDs) and consumer electronics such as DVD recorders and LCD TVs, are becoming concentrated in China, manufacturers of these devices are seeking solutions that cost less and can be brought quickly to market. By leveraging its strength in the consumer electronics segment and collaborating with RealMicro, Renesas will be able to deliver a system solution tailored for the market and help manufacturers of consumer electronics to accelerate their development for further business expansion.
RealMicro will utilize its understanding for the China market, as well as its technical achievements and expertise in embedded software development, to meet the huge needs for integrated hardware and software solutions for products manufactured in China. Capitech will help accelerate the growth of local economy and industries through contribution into RealMicro.
Renesas Technology
