Renesas Electronics Announces Completion of Transactions to Transfer Certain Assets and Shares of Subsidiaries Related to LTE Modem Technology

02 Oct 2013

TOKYO, Japan, October 2, 2013 — As announced in the press release, “Renesas Electronics Reaches a Definitive Agreement to Transfer Certain Assets and Shares of Subsidiaries Related to its LTE Modem Technology” dated September 4, 2013, Renesas Electronics Corporation (Representative Director, Chairman and CEO, Hisao Sakuta), a premier supplier of advanced semiconductor solutions, and its wholly-owned subsidiary Renesas Mobile Corporation (Chief Executive Officer: Hideaki Chaki, hereafter "RMC") today announced that they completed the transactions to transfer all the shares of Renesas Mobile Europe Oy, RMC's subsidiary (hereafter "RME"), and Renesas Mobile India Private Limited, RME's subsidiary, as well as certain assets related to LTE modem technology to Broadcom Corporation on October 1, 2013.

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