Renesas Announces Schedule of Yamaguchi Factory Consolidation | Financial Buzz

Renesas Announces Schedule of Yamaguchi Factory Consolidation

Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced that it has decided to consolidate the Yamaguchi Factory (Ube, Yamaguchi Prefecture) of its wholly owned subsidiary, Renesas Semiconductor Manufacturing Co., Ltd. at the end of June 2022.

Renesas announced its policy in June 2018 to close and consolidate the Yamaguchi Factory “in approximately two to three years”, and today a specific schedule for this consolidation was determined. The products currently manufactured at the Yamaguchi Factory will either be transferred to other manufacturing sites within the Renesas Group, or, in the case of some products, be discontinued.

Negotiations are planned between the labor union and management regarding the treatment of the factory’s employees after the consolidation. Every effort will be made to ensure continued employment of the affected personnel. In addition, with regard to the utilization of the Yamaguchi Factory following the consolidation, Renesas will endeavor to secure a purchaser for the facilities.

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, infrastructure, and IoT applications that help shape a limitless future. Learn more at renesas.com. Follow us on LinkedIn, Facebook, Twitter, and YouTube.

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Contacts

Japan

Kyoko Okamoto

Renesas Electronics Corporation

+ 81-3-6773-3001

kyoko.okamoto.sx@renesas.com

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