Renesas stock price jumps again as $3 billion SiTime deal keeps traders hooked on 6723
TOKYO, Feb 8, 2026, 10:10 JST — The market has shut for the day.
- Renesas ended Friday at 2,957.5 yen, a jump of 6.9%. 1
- Renesas has agreed to sell its timing business to SiTime in a combination cash-and-stock transaction, aiming to wrap up the deal by end-2026. 2
- Renesas is guiding for March-quarter revenue to land between 367.5 billion yen and 382.5 billion yen. Gross margin? The chipmaker is targeting 58.5%.
Renesas Electronics climbed 6.9% to close at 2,957.5 yen on Friday, wrapping up a two-day surge that pushed the shares roughly 15% higher for the week. 3
Tokyo’s market is shuttered this Sunday, leaving the immediate focus on Monday: will the rebound stick when trading restarts, or does it slip…
