Renesas Technology Europe has been launched marking the beginning of the joint venture between Hitachi, and Mitsubishi Electronics Corporation. The new company will focus on the design and manufacture of highly integrated semiconductor system solutions for the mobile, network, and automotive industries, digital home electronics and industrial markets. Key products will be: microcontrollers, including smartcard ICs; flash memory technologies; and mixed signal devices. These are all areas where the joint company is already a leading supplier.
Renesas Technology Europe is a wholly owned subsidiary of Renesas Technology Corp, one of the largest semiconductor companies in the world. The European operations will be headquartered in Bourne End, near Maidenhead in the UK, with major centres in Dusseldorf and Munich in Germany. In all, the company has operations in 12 countries across Europe, Middle East and Africa providing sales, marketing and engineering support, and has associated manufacturing facilities in Alsdorf and Landshut in Germany.
Matthew Trowbridge, formerly executive general manager of Hitachi Europe's Electronic Components Group, has been appointed CEO of the new company, while Yutaka Funada, formerly COO of Mitsubishi Electric Europe's Semiconductor Business Unit, has been appointed senior executive vice president.
"The consolidation of the semiconductor operations of two already influential companies will enable Renesas to capitalise on the expected growth in key new markets, especially the digital consumer market," said Trowbridge. "The merger gives Renesas the scale needed to sustain its commitment to the IDM (integrated device manufacturer) model with control of its own technology development, design, manufacture and supply. We believe this is necessary to keep a leading position in applications requiring complex system solutions."
"Renesas' European operation already plays a key role in its global activity for the smartcard, automotive and mobile industries," he added. "We expect this to strengthen further in the new company, especially in engineering where we have significantly expanded our capability."
For more information contact Stephen Delport, Hi-Q Electronics, 021 595 1307, [email protected]
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