Renesas Electronics Announces its Plan to Transfer Semiconductor Manufacturing Equipment and to Lease Manufacturing Space

21 Jan 2011

TOKYO, Japan, January 21, 2011 — Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced that it has transferred part of the semiconductor manufacturing equipment at the Kochi Factory, the company's production facility in Kochi, Japan, and has started leasing part of the manufacturing space within the facility, both to Sumitomo Electric Industries, Ltd. The company will continue its manufacturing at the remainder of the Kochi Factory on the first floor of the facility.

As part of its strategy related to the merger between Renesas Technology Corp. and NEC Electronics Corporation in April 2010, Renesas Electronics has been promoting organizational reforms to strengthen its business structure to become a semiconductor company resistant to changing markets. Renesas Electronics has been increasing its manufacturing efficiency at the Kochi Factory by improving the manufacturing capability of the first-floor line through miniaturization of the chip size and streamlining of the manufacturing equipment, and by consolidating into the first-floor lines the production of products that had been fabricated on the second-floor lines. After a thorough evaluation of the most effective use of the remaining manufacturing resources, Renesas Electronics has reached an agreement with Sumitomo Electric Industries to transfer part of the plant's equipment and to lease part of the available space.

On July 29, 2010, Renesas Electronics announced the results of its “100-Day Project” and introduced its three-pronged business strategy including formulation of growth strategies, realization of merger synergies, and implementation of structural reforms. The company has begun implementing these measures and building a business structure for sustainable, robust growth.

 

Overview of the Kochi Factory

Location:
123 Kagami-cho Tokuoji, Konan, Kochi Prefecture, Japan
Employees:
Approximately 650 (as of January 1, 2011)
Major operations:
Front-end manufacturing of semiconductor devices
Product categories:
Microcontrollers (MCUs), mixed-signal devices, power MOSFETs, SoC products

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.


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