Conclusion of absorption-type company split agreement

Citation

(2010), "Conclusion of absorption-type company split agreement", Microelectronics International, Vol. 27 No. 2. https://doi.org/10.1108/mi.2010.21827bab.005

Conclusion of absorption-type company split agreement

Article Type: Industry news From: Microelectronics International, Volume 27, Issue 2

Hitachi High-Tech Instruments Co., Ltd, a wholly owned subsidiary of Hitachi High-Technologies, and Renesas Eastern Japan Semiconductor, Inc., a wholly owned subsidiary of Renesas Technology, have entered into an absorption-type company split agreement regarding the transfer of the semiconductor manufacturing equipment business, which is based at the Yamanashi Factory of Renesas Eastern Japan Semiconductor, to Hitachi High-Tech Instruments. Both companies, as well as Hitachi High-Technologies and Renesas Technology, also signed a definitive agreement regarding this business transfer.

The effective date of the absorption-type company split is scheduled to be April 1, 2010.