Renesas Electronics and J-Devices sign sign MoU to transfer back-end facilities

Renesas Electronics Corporation, a supplier of advanced semiconductor solutions, and J-Devices Corporation have announced that they signed a memorandum of understanding regarding the transfer of the semiconductor back-end production business of three facilities operated by Renesas’s wholly owned manufacturing subsidiaries (the Hakodate Factory of Renesas Northern Japan Semiconductor, Inc (Renesas Northern Japan), the Fukui Factory of Renesas Kansai Semiconductor Co, Ltd (SKS), and the Kumamoto Factory of Renesas Kyushu Semiconductor Corp (Renesas Kyushu)) and Renesas Northern Japan’s wholly owned subsidiary, Hokkai Electronics Co, Ltd (Hokkai Electronics) to J-Devices.

This proposed transaction aims at building a long-term, mutually beneficial relationship between the two companies as strategic partners in the semiconductor production business. The two companies plan to negotiate a final agreement and to complete the transfer in early June 2013.