UPDATE: Notice Regarding Completion of Business Transfer of Consolidated Subsidiary

UPDATE: Notice Regarding Completion of Business Transfer of Consolidated Subsidiary

Renesas Electronics Corporation (“Renesas”), a premier supplier of advanced semiconductor solutions, today announced that the transfer of its timing business, as previously disclosed in the “Notice Regarding Business Transfer of Consolidated Subsidiary” dated February 5, 2026, has been completed as of July 1, 2026.

1. Overview

This transaction involves the transfer of Renesas’ timing business to SiTime Corporation (“SiTime”), headquartered in California, the United States.

Renesas will continue to explore and develop its partnership with SiTime, as previously outlined in the disclosure dated February 5, 2026. For further details regarding the transfer, please refer to the aforementioned disclosure.