Renesas Electronics Reaches Definitive Agreement with TDK on Transfer of Renesas Electronics Subsidiary's Tsuruoka Factory

28 Apr 2016

TOKYO, Japan, April 28, 2016 — As previously announced in the press release “TDK and Renesas Electronics Sign Basic Agreement on Transfer of Renesas Electronics Subsidiary's Tsuruoka Factory,” dated November 30, 2015, Renesas Electronics Corporation (“Renesas Electronics”, TSE: 6723), and Renesas Semiconductor Manufacturing Co., Ltd. (“Renesas Semiconductor Manufacturing”), a wholly owned subsidiary of Renesas Electronics, have been working with TDK Corporation (“TDK”, TSE: 6762) and TDK Shonai Corporation, a wholly owned subsidiary of TDK, to further agree on terms and conditions of transferring Renesas Semiconductor Manufacturing's Tsuruoka Factory to TDK, and today they announced that the four companies signed a definitive agreement on April 28, 2016.

 

Based on the definitive agreement, the parties continue to work cohesively to complete the transaction targeting the end of March 2017.

 

Overview of Tsuruoka Factory

Name
Renesas Semiconductor Manufacturing Co., Ltd., Tsuruoka Factory
Address
1-14-38 Takarada, Tsuruoka, Yamagata Pref. 997-8523
Established
June 22, 1964
Representative
Toshihide Kobayashi (Vice President)
Major operations
Manufacture of system LSIs, ICs, transistors, etc.
Employees
Approx. 270 (as of end of October, 2015)

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, home electronics, office automation, and information communication technology applications that help shape a limitless future. Learn more at renesas.com.


The content in the press release, including, but not limited to, product prices and specifications, is based on the information as of the date indicated on the document, but may be subject to change without prior notice.