Renesas to Transfer Tsuruoka Factory to TDK

Tokyo, Japan – TDK Corporation (“TDK”, TSE: 6762), Renesas Electronics Corporation (“Renesas Electronics”, TSE: 6723), and Renesas Semiconductor Manufacturing Co., Ltd. (“Renesas Semiconductor Manufacturing”), a wholly owned subsidiary of Renesas Electronics, today announced that they signed a basic agreement on November 27, 2015 under which Renesas Semiconductor Manufacturing’s Tsuruoka Factory will be transferred to TDK.…