Renesas Electronics Announces Results of Early Retirement Program

TOKYO, Japan, March 19, 2014 — Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced the results of its early retirement program for employees in Japan, announced on February 19, 2014, with details as follows.

1. Outline of the early retirement program

Eligibility:

Employees of Renesas Electronics Corporation who belong to the Production and Technology Unit
Employees of Renesas Electronics Corporation who do not belong to the Production and Technology Unit but will be transferred as a result of the reorganization
Employees of Renesas Electronics subsidiaries in Japan subject to the reorganization

# of applicants:

No upper limit or target had been placed

Application period:

February 28, 2014 to March 7, 2014

Retirement date:

March 31, 2014

Benefits:

Renesas Electronics will offer special incentives in addition to their retirement payment to employees voluntarily taking early retirement. In addition, outplacement support will be provided through an outside agency for those who request it.

2. Results

696 applicants

3. Impact on Renesas Electronics' financial outlook

As a result of implementing the early retirement program, Renesas Electronics expects to incur a special loss of approximately 3.0 billion yen in the fourth quarter ending March 31, 2014. The cost of personnel is expected to decline by 5.0 billion yen per year with this result.

The impact on Renesas Electronics' business performance has already been incorporated into the forecasts for the fiscal year ending March 31, 2014 announced on February 6, 2014.

About Renesas Electronics Corporation

Renesas Electronics Corporation (TSE: 6723), the world's number one supplier of microcontrollers, is a premier supplier of advanced semiconductor solutions including microcontrollers, SoC solutions and a broad range of analog and power devices. Business operations began as Renesas Electronics in April 2010 through the integration of NEC Electronics Corporation (TSE:6723) and Renesas Technology Corp., with operations spanning research, development, design and manufacturing for a wide range of applications. Headquartered in Japan, Renesas Electronics has subsidiaries in approximately 20 countries worldwide. More information can be found at www.renesas.com.

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