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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.