Renesas Electronics America will sell its semiconductor wafer fabrication facility in Roseville, California, to Telefunken Semiconductors International, a company that includes Telefunken Semiconductors GmbH. The sale price is approximately 53 million U.S. dollars, and the closing for the sale is planned for May 2, 2011. That include approximately 590 employees, manufacturing equipment, land and facilities at Renesas Electronics America’s Roseville factory. The price will be paid in cash.

As part of the strategies decided through its 100-Day Project announced on July 29, 2010, Renesas Electronics has been considering and implementing various measures to improve manufacturing efficiency by promoting larger wafers, finer process node, and production concentration. In line with these measures, the company decided to sell the facility in Roseville.

Telefunken Semiconductors International intends to utilize the 200-millimeter, eight-inch line at the factory to manufacture its own analog/mixed-signal, HV products and the products for its strategic foundry partners. Telefunken Semiconductors International also will enter into a supply agreement with Renesas Electronics for manufacturing services at the Roseville factory. Under this agreement, it will focus on Renesas Electronics’ current customers without interruption for the same high-quality level of production and service at the Roseville facility.

Renesas Electronics remains fully committed to meeting customers’ requirements through its Quality Assurance Center in Roseville to continue support of customers in the North American and European markets.