Renesas Mobile Corporation Commences Operation

01 Dec 2010

TOKYO, Japan, December 1, 2010 — Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced that Renesas Mobile Corporation, which engages in SoC businesses mainly for mobile devices and car navigation systems, started operation on December 1. Renesas Electronics also announced that it has completed the purchase of the wireless modem business of Nokia Corporation on November 30 and has transferred its assets of the wireless modem business to Renesas Mobile together with Renesas Electronics' mobile multimedia SoC business, which Renesas Electronics span off, through an absorption-type separation on December 1.

By combining Renesas Electronics' mobile platforms and the assets of the wireless modem business acquired from Nokia, Renesas Electronics and Renesas Mobile plan to strengthen their product offerings targeting devices incorporating LTE and HSPA+ infrastructure technologies for the growing cloud computing field , as well as markets of mobile phones and car navigation systems mainly in emerging countries. In addition, the spin-off and establishment of Renesas Mobile enables the building of a global business structure specializing in the mobile multimedia business, with more streamlined management and faster time-to-market product launches that contribute to Renesas Electronics' goal of expanding its global business.

Renesas Mobile has regional subsidiary companies based in Finland, India, and China, staffed by personnel transferring from the wireless modem business Renesas acquired from Nokia Corporation, as well as Renesas Design France S.A.S, an SoC design subsidiary of Renesas Electronics. Of the 1,800 consolidated employees of Renesas Mobile, 75 percent is based outside Japan, which enables the company to promote marketing and design & development operations on a global basis.

By leveraging the acquired LTE and HSPA+ technologies, Renesas Mobile aims to expand its business in mobile platforms and embedded navigation applications mainly in overseas markets and double its sales in FY2012 from the FY2009 sales of Renesas Electronics' mobile multimedia SoC business before the spin-off.

Renesas Mobile also plans to start its long-term joint research cooperation with Nokia on next-generation communication technologies.

 

Overview of Renesas Mobile Corporation

Headquarters:
Nippon Building, 2-6-2, Ote-machi, Chiyoda-ku, Tokyo, Japan
Paid-in capital:
5 billion yen (Renesas Electronics Corporation 100%)
Business:
Semiconductor products including SoCs for mobile devices and car navigation systems
Employees:
Approx. 1,800 (Consolidated, as of December 1, 2010)
Executives:
President & CEO, Ikuya Kawasaki Senior Executive Vice President & COO, Shinichi Yoshioka Executive Vice President & CTO, Board Director, Jean-Marie Rolland Senior Vice President, Board Director, Heikki Tenhunen Board Director, Hideaki Chaki

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.