Renesas sells 12in fab at Tsuruoka to Sony
Renesas has sold its 12in fab at Tsuruoka to Sony, which will act as a foundry for Renesas, making a range of devices on a contract basis for an indeterminate time. Once that period has finished, Renesas will shift production of the devices to its Naka fab or discontinue them.
The move is part of Renesas' restructuring efforts. As announced last year, its plan is to maintain and strengthen its high quality technology in areas such as flash MCUs and low power technologies, while concentrating and consolidating its front end facilities. Meanwhile, Sony has been looking at ways to increase its production capacity for image sensors.
The deal is valued at ¥7.51billion ($73million) and is planned to conclude on 31 March 2014.
