Renesas Electronics announces change in schedule for transfer of its HPA business to Murata Manufacturing

TOKYO, JAPAN: As announced in the release, “Renesas Electronics Reaches a Definitive Agreement to Transfer its High-Power Amplifier Business to Murata Manufacturing” dated October 31, 2011, Renesas Electronics, a premier supplier of advanced semiconductor solutions, and Murata Manufacturing Co. Ltd, 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., a wholly-owned subsidiary of Renesas Electronics, to Murata Manufacturing.

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.