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Renesas Gets Boost from Automotive Sales

Renesas Electronics Corporation reported Q3 EBITDA of ¥54.1 billion ($474 million), up 25% YoY from ¥29.5 billion ($259 million), on revenue which rose 28% to ¥195.5 billion ($1.7 billion) from ¥152.6 billion ($1.3 billion). The increase was attributed to strong automotive (up 17%) and industrial (up 19%) semiconductor sales.