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Renesas Completes Sale to Telefunken

TOKYO & SANTA CLARA, Calif. & HEILBRONN, Germany — Renesas Electronics Corporation (TOKYO:6723), a premier supplier of advanced semiconductor solutions, its subsidiary Renesas Electronics America Inc., and TELEFUNKEN Semiconductors GmbH & Co. KG, an automotive-qualified, mixed-signal, high-voltage (HV) power management and SOI-based manufacturer, today announced that the sale of Renesas Electronics America’s semiconductor wafer fabrication facility in Roseville, California, to TELEFUNKEN Semiconductors International LLC, a company that includes TELEFUNKEN Semiconductors GmbH, has been completed as of May 2, 2011. (First announced March 30, 2011: www.am.renesas.com/press/news/2011/news20110330.jsp)

As part of the strategies decided through its 100-Day Project announced on July 29, 2010, Renesas Electronics has been implementing various measures to improve manufacturing efficiency by promoting larger wafers, finer process nodes, and production concentration. In line with these measures, the company decided to sell Renesas Electronics America’s facility in Roseville, California, to TELEFUNKEN Semiconductors International, which was searching for a new manufacturing facility to expand its semiconductor business.

TELEFUNKEN Semiconductors International intends to utilize the 200-millimeter (eight-inch) line at the Roseville factory to manufacture its own analog/mixed-signal, HV products and products for its strategic foundry partners. TELEFUNKEN Semiconductors International also entered into a supply agreement with Renesas Electronics for manufacturing services at the Roseville factory. Under this agreement, TELEFUNKEN Semiconductors International will manufacture products without interruption at the Roseville facility intended for Renesas Electronics’ current customers, using the same high-quality level of production and service.

Renesas Electronics remains fully committed to meeting customers’ requirements through its Quality Assurance Center at the Roseville facility to continue its customer support in the North American and European markets.

TELEFUNKEN Semiconductors International is looking to expand the manufacturing capacity of the fab to increase wafer production as well as bringing in key technologies to offer broader manufacturing capabilities to its customers.

{complink 4637|Renesas Technology Corp.}

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