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Renesas confirms transfer of Tsuruoka Factory to TDK

Posted: 02 May 2016 ?? ?Print Version ?Bookmark and Share

Keywords:Renesas Electronics? TDK? factory? LSI?

Renesas Electronics Corp. and Renesas Semiconductor Manufacturing Co. Ltd, a wholly owned subsidiary of Renesas Electronics, have reported to be working with TDK Corp. and TDK Shonai Corp., a wholly owned subsidiary of TDK, to agree on terms and conditions of transferring Renesas Semiconductor Manufacturing's Tsuruoka Factory to TDK. Recently, the four companies have finally reached a conclusion and inked a definitive agreement on April 28, 2016.

Based on the definitive agreement, the parties continue to work cohesively to complete the transaction targeting the end of March 2017.

The Tsuruoka Factory, located in Yamagata Prefecture, focuses on the manufacture of LSIs, ICs and transistors, among others. As of the latest count, employees working in the factory are numbered about 270.

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