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Mitsubishi to acquire Renesas' Kumamoto facility

Posted: 04 Feb 2008 ?? ?Print Version ?Bookmark and Share

Keywords:Kumamoto facility? MCU? power device?

Mitsubishi Electric Corp. and Renesas Technology Corp. have reached an agreement for Mitsubishi to acquire Renesas' Kumamoto factory.

In April 2003, Mitsubishi Electric transferred its system LSI and system memory businesses to Renesas, which was established as a joint venture between Mitsubishi and Hitachi Ltd. Mitsubishi currently concentrates its resources on power and high-frequency optical devices, which prove effective in achieving high synergies within the company.

Reflecting the increasing demand to save energy and protect the environment globally, the inverter controller equipment market has been steadily growing and is expected to expand. To meet the growing demand for these devices, Mitsubishi has been trying to increase its wafer production capabilities, thus boosting the company's business. Specifically, Mitsubishi has been working to increase the production capability for 6-inch wafers at its existing factory, the Kumamoto Factory of Power Device Works. Meanwhile, the company has been seeking to manufacture its products using 8-inch wafers to further increase its production capability.

Renesas has concentrated its resources on three main business segments: MCUs, system solutions and standard products. With this focus, Renesas decided to withdraw from the flash memory business in December 2005.

The Renesas Kumamoto factory is located on the same grounds as Mitsubishi's Kumamoto Factory of Power Device Works. Renesas' factory has also already been commissioned to manufacture Mitsubishi's power devices using 8-inch wafers.

Both companies are set to discuss the details of the terms and conditions for the transfer. Mitsubishi will officially obtain the ownership of the factory on April 1.

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