Principal Project Manager

Job 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. 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 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 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. #J-18808-Ljbffr