In March 2021, a fire at the Naka Factory temporarily disrupted production, but operations resumed the following month. The company also reopened its Kofu fabrication facility to support power semiconductor production, with operations expected to begin in 2024.

Renesas continued its expansion through 2023 and 2024 with the acquisitions of Panthronics, gallium nitride chipmaker Transphorm, and PCB design software firm Altium. It