|By Business Wire||
|March 20, 2014 03:30 AM EDT||
Renesas Electronics Corporation (TSE: 6723, “Renesas”), a premier supplier of advanced semiconductor solutions, today announced that Renesas and J-Devices Corporation (“J-Devices”) have signed a definitive agreement (DA) to transfer part of the manufacturing facility at Renesas Semiconductor Singapore Pte. Ltd. (“Renesas Semiconductor Singapore”), a wholly-owned subsidiary of Renesas Electronics, to J-Devices Semiconductor Corporation (“J-Devices Semiconductor”), a wholly-owned subsidiary of J-Devices, as agreed by Renesas and J-Devices (the “Transfer”). In accordance with the Transfer, the companies have also signed an agreement to outsource manufacturing of part of the Renesas products that are currently manufactured at Renesas Semiconductor Singapore to J-Devices Semiconductor as agreed by both companies (the “Contract Production”).
1. Background of the Transfer and Contract Production
To bolster its business foundation, Renesas is moving forward with the realignment of the manufacturing sites of the Renesas Group with the aim of boosting production efficiency, realizing a more flexible production system, and maintaining and strengthening the technological advantage. As part of these efforts, in line with a strategy of increasing the share of back-end manufacturing outsourcing while taking into consideration distribution of manufacturing capacity according to added value, in 2013, Renesas transferred three of its back-end manufacturing facilities in Japan to J-Devices, a strategic partner in the company’s back-end manufacturing operations, while proceeding with restructuring measures that include a shifting to contract production of some products. Now, from the viewpoint of the future expansion of the manufacturing business in Singapore and efficient utilization of overseas manufacturing sites, a decision has been made to transfer equipment owned by Renesas Semiconductor Singapore to J-Devices Semiconductor and to shift manufacturing of the Renesas products currently produced at Renesas Semiconductor Singapore to J-Devices Semiconductor, which has an established track record in automotive products, and to other Renesas back-end manufacturing subsidiaries.
By proceeding with the realignment of its manufacturing sites in Japan and overseas, Renesas intends to boost the production efficiency of these operations to the upper limit and to maintain a high rate of production, while at the same time utilizing outsourcing to optimize production overall and achieve high efficiency, thereby improving cost competitiveness and realizing a production system capable of generating profits.
2. Timeline of the Transfer and the Contract Production
2-1. Timeline of the Transfer
: The Transfer is expected to be completed in the fiscal year ending March 31, 2016 (planned)
2-2. Timeline of the Contract Production
: The Contract Production is expected to begin in the second half of the fiscal year ending March 31, 2016 (planned)
3. Future Outlook
In accordance with the Transfer, Renesas has begun negotiations with the local labor union based on its policy to terminate production operation of Renesas Semiconductor Singapore in the second half of the fiscal year ending March 31, 2016. Renesas intends to disclose more details concerning Renesas Semiconductor Singapore when confirmed information is available.
Following the Transfer, Renesas plans to shift manufacturing of the Renesas products that are currently produced at Renesas Semiconductor Singapore, to the Kumamoto Factory of J-Devices Semiconductor Corporation, Renesas Semiconductor KL Sdn. Bhd., one of Renesas’ overseas back-end manufacturing subsidiary, and the Oita Factory of Renesas Semiconductor Kyushu Yamaguchi Co., Ltd., retaining the equivalent quality and performance.
No major impact is anticipated on Renesas’ consolidated financial results for the fiscal year ending March 31, 2014 as a result of the Transfer.
About Renesas Electronics Corporation
Renesas Electronics Corporation (TSE: 6723), the world’s number one supplier of microcontrollers, is a premier supplier of advanced semiconductor solutions including microcontrollers, SoC solutions and a broad range of analog and power devices. Business operations began as Renesas Electronics in April 2010 through the integration of NEC Electronics Corporation (TSE:6723) and Renesas Technology Corp., with operations spanning research, development, design and manufacturing for a wide range of applications. Headquartered in Japan, Renesas Electronics has subsidiaries in 20 countries worldwide. More information can be found at www.renesas.com.
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...
Feb. 21, 2017 04:30 PM EST Reads: 2,256
Big Data, cloud, analytics, contextual information, wearable tech, sensors, mobility, and WebRTC: together, these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at @ThingsExpo, Erik Perotti, Senior Manager of New Ventures on Plantronics’ Innovation team, provided an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it m...
Feb. 21, 2017 04:00 PM EST Reads: 6,839
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
Feb. 21, 2017 03:54 PM EST Reads: 123
The financial services market is one of the most data-driven industries in the world, yet it’s bogged down by legacy CPU technologies that simply can’t keep up with the task of querying and visualizing billions of records. In his session at 20th Cloud Expo, Jared Parker, Director of Financial Services at Kinetica, will discuss how the advent of advanced in-database analytics on the GPU makes it possible to run sophisticated data science workloads on the same database that is housing the rich inf...
Feb. 21, 2017 03:30 PM EST Reads: 1,214
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his Day 2 Keynote at @ThingsExpo, Henrik Kenani Dahlgren, Portfolio Marketing Manager at Ericsson, discussed how to plan to cooperate, partner, and form lasting all-star teams to change the...
Feb. 21, 2017 03:15 PM EST Reads: 4,474
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Feb. 21, 2017 03:15 PM EST Reads: 752
"delaPlex is a software development company. We do team-based outsourcing development," explained Mark Rivers, COO and Co-founder of delaPlex Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Feb. 21, 2017 03:00 PM EST Reads: 5,947
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, will discuss how to use Kubernetes to setup a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace....
Feb. 21, 2017 02:45 PM EST Reads: 2,466
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
Feb. 21, 2017 02:30 PM EST Reads: 1,318
"I think that everyone recognizes that for IoT to really realize its full potential and value that it is about creating ecosystems and marketplaces and that no single vendor is able to support what is required," explained Esmeralda Swartz, VP, Marketing Enterprise and Cloud at Ericsson, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Feb. 21, 2017 02:15 PM EST Reads: 477
SYS-CON Events announced today that Fusion, a leading provider of cloud services, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Fusion, a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry’s single source for the cloud. Fusion’s advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including cloud...
Feb. 21, 2017 01:45 PM EST Reads: 3,574
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
Feb. 21, 2017 01:45 PM EST Reads: 499
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
Feb. 21, 2017 01:30 PM EST Reads: 772
SYS-CON Events announced today that Cloud Academy will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud computing technologies. Ge...
Feb. 21, 2017 01:30 PM EST Reads: 1,099
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
Feb. 21, 2017 01:15 PM EST Reads: 1,419