Renesas Electronics Corp And J-Devices Corporation Sign Memorandum Of Understanding On Transfer Of Back-End Facilities

Renesas Electronics Corp and J-Devices Corporation announced that they signed a Memorandum of Understanding regarding the transfer of the semiconductor back-end production business of three facilities operated by Renesas`wholly owned manufacturing subsidiaries (the Hakodate Factory of Renesas Northern Japan Semiconductor, Inc. (Renesas Northern Japan), the Fukui Factory of Renesas Kansai Semiconductor Co., Ltd. (SKS), and the Kumamoto Factory of Renesas Kyushu Semiconductor Corp. (Renesas Kyushu)) and Renesas Northern Japan`s wholly owned subsidiary, Hokkai Electronics Co., Ltd. (Hokkai Electronics) to J-Devices. The transfer is scheduled to happen by early June 2013 and the Conclusion of final agreement on the transfer is expected to be by the end of February 2013.