Renesas to sell Chitose, Japan, factory to Mitsumi

September 2, 2004 – Renesas Technology Corp. will sell its Chitose, Japan, factory to Mitsumi Electric Co. in December, said the companies and news reports. The value of the deal was not disclosed.

The plant, with monthly production capacity of 14,000 eight-inch micro-controller units, will continue its shipments to Renesas even after the transfer.

Renesas is a joint venture set up by Hitachi Ltd. and Mitsubishi Electric Corp. in April 2003 to integrate their chipmaking operations.


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