As announced in the press release, "Renesas Electronics Reaches a Definitive Agreement to Transfer its High-Power Amplifier Business to Murata Manufacturing" dated October 31, 2011, Renesas Electronics Corporation ("Renesas", TSE: 6723), a premier supplier of advanced semiconductor solutions, and Murata Manufacturing Co., Ltd. ("Murata Manufacturing", TSE/OSE: 6981), the world's number one supplier of passive electronic components, signed a definitive agreement (DA) to transfer Renesas' high-power amplifier (HPA) business and the business operation of its manufacturing site, the Nagano Device Division (Komoro, Nagano) of Renesas Eastern Japan Semiconductor, Inc. ("Renesas Eastern Japan Semiconductor"), a wholly-owned subsidiary of Renesas Electronics, to Murata Manufacturing (the "Business Transfer"). The completion of the business transfer, originally scheduled for February 1, 2012, is now expected to take place by March 1, 2012. This extension was necessary due to the ongoing antitrust investigations outside of Japan.
About Renesas Electronics Europe
solutions including microcontrollers, SoC solutions and a broad-range of analog and power devices. Business operations began as Renesas Electronics in April 2010 through the integration of NEC Electronics Corporation (TSE: 6723) and Renesas Technology Corp., with operations spanning research, development, design and manufacturing for a wide range of applications. Headquartered in Japan, Renesas Electronics has subsidiaries in 20 countries worldwide. More information can be found at www.renesas.com.
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