Renesas Electronics plans restructuring

Thursday, July 29th, 2010
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TOKYO, Japan — Renesas Electronics Corporation (TSE: 6723), a premiere supplier of advanced semiconductor solutions, today introduced a three-pronged business strategy including (1) formulation of growth strategies by optimizing business portfolios, (2) realization of merger synergies, such as the integration of development environments, technology platforms and various infrastructures, and (3) implementation of structural reforms to create a business structure with stable profitability and resistance to changing market conditions.

Renesas Electronics began its business operations April 1, 2010, through the integration of NEC Electronics Corporation (TSE: 6723) and Renesas Technology Corp. Targeted to achieve sustainable and robust growth, the new business strategy has been formed by reviewing all of the former companies’ respective management resources, including technologies, products, design and development environments, manufacturing, sales, material purchasing, and business processes, to maximize the merger synergies, and by evaluating measures to achieve the company’s business goals.

Enhance businesses supporting social infrastructures

Renesas Electronics sees the advanced information-communications area centering on the developing cloud-computing, the social- and living-environment areas including smart grid technologies and automobiles, and the entertainment area including multimedia and digital consumer electronics, as the company’s focused business markets and plans to aggressively expand these businesses through a distinct product lineup enhanced through interdivisional cooperation. Renesas Electronics especially plans to focus on its businesses in the advanced information-communications area utilizing the wireless modem technologies acquired from Nokia Corporation.

More: Renesas Electronics Announces Growth Strategies and Structural Reform Measures