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© franz schloegl dreamstime.com Components | July 01, 2013

Renesas closure affects 1'400 staff worldwide

Renesas Group decided to stop developing activities and sales expansion of the LTE Modem, and to work towards the closure of the RME Group.
Renesas acquired the wireless modem technology and its business unit from Nokia Corporation of Finland in November 2010; formed Renesas Mobile Europe Oy (RME), Renesas Mobile India Private Limited (RMI) and Renesas Tongxinjishu (Beijing) Co., Ltd. (RMCH).

The outline of the RME Group which will be affected by this decision and the schedule is as stated below.

Renesas Mobile Europe Oy
Headquarter: Helsinki, Finland
Capital: 35 Million Euro (100% subsidiary of RMC)
Business: Development of SoC for mobile devices (LTE Modem, etc.)
Employee Count: about 1,100 (as of March 2013)
Sales: 17,837 Million Japanese Yen (RME Group consolidated basis)

Renesas Mobile India Private Limited
Headquarter: Bangalore, India
Capital: 340 Million Rupee (Subsidiary of RME: 100% held by RME and RMC combined with RMC holding one share)
Business: Development of SoC for mobile devices (LTE Modem, etc.)
Employee Count: about 300 (as of March 2013)

Renesas Tongxinjishu (Beijing) Co., Ltd. (Renesas Telecommunication Technology Ltd. Corporation)
Headquarter:
Beijing, China
Capital: 700 thousand US Dollars (100% subsidiary of RME)
Business: Development of SoC for mobile devices (LTE Modem, etc.)
Employee Count: about 30 (as of March 2013)

The closing date of legal entities etc. is yet to be determined.
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