Renesas Reports Results for the First Quarter Ended June 30, 2010

TOKYO, Japan — Renesas Electronics Corporation (TSE: 6723) today announced consolidated financial results for the three months ended June 30, 2010.

The semiconductor market in which Renesas Electronics Group (“the Group”) operates showed continuing increase in customers’ production hike and increase in orders due to their inventory accumulation, and demand of part of the Group’s general-purpose products surpassed its production capacity. This advance in demand was mainly due to the acceleration of the lagging demand in the automotive and industrial area, which entered into full-fledged recovery.

However, some of the Group’s electronic devices, including digital consumer products that achieved early recovery, are entering a mild adjustment phase with the overall market recovery and expansion leveling off. For these reasons, the Group intends to carefully observe the order situation of electronic devices and other trends in the semiconductor market toward the 2010 year-end sales season.

SoC Solutions

SoC solutions mainly include semiconductors for mobile handsets, ICs for network devices, semiconductors for industrial systems, semiconductors for personal computers (PC) and PC peripherals including hard disc drives and USB devices, semiconductors for consumer electronics such as digital home appliances and game consoles, and semiconductors used in automobiles including car navigation systems.

Sales of SoC solutions for the three months ended June 30, 2010 decreased from the previous year to 77.7 billion yen. This drop was mainly due to decline in the semiconductor sales for mobile handsets and game consoles, despite an increase in the semiconductors for industrial systems and automobiles.

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