25 Dec 2019
TOKYO, Japan ― Renesas Electronics Corporation (“Renesas”, TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced that, following the approval of Board of Directors on December 25, it will change the company name of its consolidated subsidiary, Integrated Device Technology Malaysia Sdn. Bhd. (“IDT Malaysia”), as described below.
1. Name of the Subsidiary after Change
Renesas Electronics (Penang) Sdn. Bhd.
2. Overview of the Subsidiary
|(1)||Name||Integrated Device Technology Malaysia Sdn. Bhd.|
|(2)||Headquarters||Phase 3, Bayan Lepas Free Industrial Zone, 11900, Penang, Malaysia|
|(4)||Business operation||Development, manufacture, and sale of semiconductors|
|(5)||Capital||551,785 thousand US$|
|(6)||Established||December 5, 1987|
3. Reason for the company name change of the subsidiary
As announced on October 30, 2019, to align with the change in company name of Integrated Device Technology, Inc. (“IDT”), a consolidated subsidiary of Renesas, an IDT’s subsidiary IDT Malaysia will change its company name to Renesas Electronics (Penang) Sdn. Bhd.
4. Date of Subsidiary’s Name Change
The change in company name is expected to occur in the first half of 2020, following approvals by relevant regulatory authorities.
About Renesas Electronics Corporation
Renesas Electronics Corporation (TSE: 6723) delivers trusted embedded design innovation with complete semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live. A global leader in microcontrollers, analog, power, and SoC products, Renesas provides comprehensive solutions for a broad range of automotive, industrial, infrastructure, and IoT applications that help shape a limitless future. Learn more at renesas.com. Follow us on LinkedIn, Facebook, Twitter, and YouTube.
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