Renesas Electronics Corporation, a premier provider of advanced semiconductor solutions, today announced its plan to reorganize the design and development functions (the reorganization ) of Renesas Electronics Corporation and of its wholly-owned subsidiaries; Renesas Solutions Corporation ( Renesas Solutions ), Renesas System Design Co., Ltd. ( Renesas System Design ), and Renesas Engineering Services Co., Ltd. ( Renesas Engineering Services ). The changes will become effective on August 1, 2014.
Objectives of the reorganization
As announced in the press releases, Renesas Electronics Shows Direction of Renesas Group dated August 2, 2013, and Renesas Electronics Issues New Business Direction Presentation Reforming Renesas' dated October 30, 2013, with an aim of realizing a company that excels in the global arena and contributes to the realization of safe and secure society, Renesas Electronics has implemented a reform plan for future growth and has been promoting it.
In accordance with the three pillars of the reform plan: (1) Reform businesses to better utilize market intelligence during product development; (2) Reform into a profit-oriented organization; and (3) Reform to a global management and organizational structure, Renesas Electronics identified fields and regions where growth is expected in the medium to long term and areas where it can outpace the competition, and will focus on three fields where it has strengths and can compete effectively.
As part of these necessary structural reforms, Renesas Electronics has shifted its business domains from a product-orientation to an application-orientation to better address customer demand. It has also completed the reorganization of its manufacturing sites in Japan, the consolidation of the manufacturing business engaged in semiconductor front-end and back-end production as well as the reorganization of manufacturing-related Renesas Group companies, realigning production facilities in Japan and manufacturing-related group companies in Japan.
Outline of the reorganization
The functions of the design and development units of Renesas Electronics, and of the Renesas Group companies in Japan engaged in design, development, and applied technology, are being redefined, and their organization will be reorganized accordingly on August 1, 2014.
Specifically, functions essential for the development of device solutions (mainly hardware), such as device development, sales promotion infrastructure, and device applied technology, will be consolidated at Renesas System Design with the aim of boosting development efficiency. In addition, the development of kits and platform solutions (mainly software), and business promotion functions, will be consolidated at Renesas Electronics to strengthen the solution offerings for expanding markets.