Retention voltage generation circuits and electronic apparatus are provided. An exemplary retention voltage generation circuit includes a driving circuit, configured to generate driving currents; a first retention voltage generation circuit, configured to generate a first retention voltage, the first retention voltage being substantially equal to a threshold voltage of an NMOS transistor in a power-consumption circuit; a second retention voltage generation circuit, configured to generate a second retention voltage, the second retention voltage being substantially equal to a threshold voltage of a PMOS transistor in the power-consumption circuit; and a retention voltage selection circuit, coupled to the first retention voltage generation circuit and the second retention voltage generation circuit, and configured to receive the driving currents, wherein retention voltage selection circuit is configured to select a higher voltage from the first retention voltage and the second retention voltage as a retention voltage to drive the power-consumption circuit to operate at a retention mode.