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Renesas Electronics Announces Schedule of Kochi Factory ConsolidationRenesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced that it has decided to consolidate the Kochi Factory (Konan, Kochi Prefecture) of its wholly owned subsidiary, Renesas Semiconductor Manufacturing Co., Ltd. at the end of May 2018. As announced in the press release "Renesas Electronics to Consolidate the Kochi Factory" issued on December 1, 2015, Renesas has planned on a consolidation policy under which the factory would be closed within two to three years. Now, based on consideration of the supply and demand for products currently being manufactured at that factory, customers' requirements, and other issues, Renesas has determined a specific schedule for this consolidation. Production of products currently being manufactured there will either be transferred to other facilities within the Renesas Group, or, in the case of some products, phased out. Negotiations are planned between labor and management regarding the treatment of the factory's employees after the consolidation, although every effort will be made to esure continued employment of the affected personnel with the assistance of Kochi Prefecture. In addition, with regard to the utilization of the Kochi Factory following the consolidation, Renesas will endeavor to secure a purchaser for the facility with the assistance of Kochi Prefecture. About Renesas Electronics Corporation Renesas Electronics Corporation (TSE: 6723) delivers trusted embedded design innovation with complete semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live-securely and safely. The number one global supplier of microcontrollers, and a leader in Analog & Power and SoC products, Renesas provides the expertise, quality, and comprehensive solutions for a broad range of Automotive, Industrial, Home Electronics (HE), Office Automation (OA) and Information Communication Technology (ICT) applications to help shape a limitless future. Learn more at renesas.com.
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