Hitachi High-Technologies Corp.and Renesas Technology Corp. announced that Hitachi High-Tech Instruments Co., Ltd., a wholly owned subsidiary of Hitachi High-Technologies, and Renesas Eastern Japan Semiconductor, Inc., a wholly owned subsidiary of Renesas Technology, entered into an absorption-type company split agreement regarding the transfer of the semiconductor manufacturing equipment business, which is based at the Yamanashi Factory of Renesas Eastern Japan Semiconductor, to Hitachi High-Tech Instruments. Both companies, as well as Hitachi High-Technologies and Renesas Technology, also signed a definitive agreement regarding this business transfer. Hitachi High-Technologies is a subsidiary of Hitachi Ltd. (HIT).
The transfer method shall be an absorption-type company split with Renesas Eastern Japan Semiconductor as the splitting company and Hitachi High-Tech Instruments as the succeeding company, transferring the semiconductor back-end process manufacturing equipment business of Renesas Eastern Japan Semiconductor to Hitachi High-Tech Instruments. The effective date of the absorption-type company split is scheduled to be April 1, 2010.
Renesas Eastern Japan Semiconductor is currently charged with the development and manufacture of semiconductor back-end process manufacturing equipment, with Hitachi High-Technologies responsible for global sales of most of these products.
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