Renesas Technology Corp., a joint venture between Hitachi, Ltd. (HIT) and Mitsubishi Electric Corp, announced a basic agreement with Hitachi High-Technologies Corp., a subsidiary of Hitachi, for the transfer of the semiconductor manufacturing equipment business of wholly owned Renesas subsidiary Renesas Eastern Japan Semiconductor, Inc. to Hitachi High-Tech Instruments Co., Ltd., a wholly owned subsidiary of Hitachi High-Technologies.
Scheduled for next spring, this business transfer is expected to enhance Hitachi High-Technologies' semiconductor manufacturing equipment business and improve management efficiency. Specifically, the transfer will see Renesas Eastern Japan Semiconductor as the absorbed company, with Hitachi High-Tech Instruments as the surviving company.
Due diligence for this transfer of the semiconductor manufacturing equipment business is presently moving forward. Based on the outcome of this process, Hitachi High-Technologies, Hitachi High-Tech Instruments, Renesas, and Renesas Eastern Japan Semiconductor are scheduled to sign a final contract in December 2009.
However, this transfer of the semiconductor manufacturing equipment business has negligible impact on the FY2009 consolidated financial results of Hitachi High-Technologies.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.