Renesas Electronics Corporation (TSE: 6723), a supplier of advanced semiconductor solutions, today announced that it has decided to consolidate the Yamaguchi Factory (Ube, Yamaguchi Prefecture) of its wholly owned subsidiary, Renesas Semiconductor Manufacturing Co., Ltd. at the end of June 2022.
Renesas announced its policy in June 2018 to close and consolidate the Yamaguchi Factory “in approximately two to three years”, and today a specific schedule for this consolidation was determined. The products currently manufactured at the Yamaguchi Factory will either be transferred to other manufacturing sites within the Renesas Group, or, in the case of some products, be discontinued.
Negotiations are planned between the labor union and management regarding the treatment of the factory’s employees after the consolidation. Every effort will be made to ensure continued employment of the affected personnel. In addition, with regard to the utilization of the Yamaguchi Factory following the consolidation, Renesas will endeavor to secure a purchaser for the facilities.