Principal Project Manager

Principal Project Manager

Job Description

• Lead cross-functional capacity expansion and cost reduction initiatives across product design, manufacturing, test, packaging, sourcing, and operations

• Drive structured cost reduction programs from opportunity identification through implementation and savings realization

• Coordinate activities across Engineering, Supply Chain, Operations, Procurement, Quality, Finance, and Product Marketing

• Develop and maintain cost reduction roadmaps, priorities, schedules, and executive reporting dashboards

Identify opportunities for:

• BOM cost reduction

• Alternate sources for BOM and manufacturing flows

• Packaging optimization

• Yield improvement

• Test cost reduction

• Supply chain optimization

• Alternate sourcing and dual sourcing

• Process simplification and operational efficiencies

• Drive the decision toward issuing PCNs or releasing new part numbers

• Drive the cross-functional team toward PCN planning/execution

• Participate in EOL activity and notifications

• Track and report savings against targets, including risks and mitigation plans

• Drive accountability and execution across stakeholders and suppliers

• Support customer and supplier engagements related to cost optimization initiatives

• Escalate critical issues impacting cost, schedule, or execution

• Facilitate executive reviews and ensure alignment on priorities and tradeoffs

Qualifications

• Bachelor's degree in Engineering, Operations, Supply Chain, Business, or related field

• 7+ years of experience in program/project management, operations, engineering, or product management

• Product-engineering experience is a plus

• Experience driving cost reduction initiatives in semiconductor, electronics, or high-tech industries preferred

Strong understanding of:

• Product development processes

• Manufacturing operations

• Supply chain and procurement

• Cost structures and business tradeoffs

• Proven ability to lead complex cross-functional programs to completion

• Strong analytical, organizational, and communication skills

• Ability to operate effectively in fast-paced, ambiguous environments

• Executive-level presentation and reporting skills preferred

Company Description

We are seeking a highly driven and cross-functional Capacity Expansion and Cost Reduction Project Manager to lead strategic cost optimization and capacity expansion initiatives across products, operations, and supply chain. This role will be responsible for identifying, driving, and tracking capacity expansion and cost reduction opportunities while balancing quality, performance, customer commitments, and execution timelines.

The ideal candidate combines strong project management skills with technical and business acumen, and is capable of driving alignment across engineering, operations, procurement, quality, planning and marketing teams in a fast-paced environment.

Additional Information

Renesas is an embedded semiconductor solution provider driven by its Purpose ' To Make Our Lives Easier .' As the industry's leading expert in embedded processing with unmatched quality and system-level know-how, we have evolved to provide scalable and comprehensive semiconductor solutions for automotive, industrial, infrastructure, and IoT industries based on the broadest product portfolio, including High Performance Computing, Embedded Processing, Analog & Connectivity, and Power.

With a diverse team of over 22,000 professionals in more than 30 countries, we continue to expand our boundaries to offer enhanced user experiences through digitalization and usher into a new era of innovation. We design and develop sustainable, power-efficient solutions today that help people and communities thrive tomorrow, ' To Make Our Lives Easier .'

At Renesas, you can:

• Launch and advance your career in technical and business roles across four Product Groups and various corporate functions. You will have the opportunities to explore our hardware and software capabilities and try new things.

• Make a real impact by developing innovative products and solutions to meet our global customers' evolving needs and help make people's lives easier, safe and secure.

• Maximize your performance and wellbeing in our flexible and inclusive work environment. Our people-first culture and global support system, including the remote work option and Employee Resource Groups, will help you excel from the first day.

Are you ready to own your success and make your mark?

Join Renesas. Shape Your Future with Us .

Renesas Electronics is an equal opportunity and affirmative action employer, committed to celebrating diversity and fostering a work environment free of discrimination on the basis of sex, race, religion, national origin, gender, gender identity, gender expression, age, sexual orientation, military status, veteran status, or any other basis protected by federal, state or local law. For more information, please read our Diversity & Inclusion Statement ( .

Renesas Electronics deals with dual-use technology that is subject to U.S. export controls regulations. Under these regulations it may be necessary for Renesas to obtain U.S. government export license prior to release of technology to certain persons. The decision whether or not to file or pursue an export license application is at the sole discretion of Renesas.

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1. Department Engineering

2. Location Austin

3. Remote No

Requisition ID

20029772_2026-06-10

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