NEC Electronics and Renesas Announce the New Organizational Structure and Personnel Changes Following Merger

Obtained Approvals from the Relevant Antitrust Authorities

KAWASAKI, Japan, TOKYO, Japan, March 16, 2010 — NEC Electronics Corporation (NEC Electronics; TSE: 6723) and Renesas Technology Corp. (Renesas Technology) today announced the new organizational structure and personnel changes of Renesas Electronics Corporation (Renesas Electronics), the new integrated company that will be formed on April 1, 2010 when the business integration (the “Business Integration” or the “Merger”) of the two entities is completed.

Both companies also announced they have obtained approvals from the relevant antitrust authorities.

1) Organizational Structure

The new Renesas Electronics will be structured with 7 business units that conduct business operations and technology development, and 10 staff units.

Outline of the 7 business units are as follows:

Sales Management Unit that constructs and executes sales strategies and measures on a global scale.
1st SoC Business Unit responsible for businesses in industrial and imaging (digital cameras, printers, game consoles, etc) areas.
2nd SoC Business Unit that promotes SoC businesses for the field of home multimedia including portable devices and digital consumer electronics.
MCU Business Unit that is in charge of the company's microcontroller (MCU) business.
Analog & Power Devices Business Unit that promotes businesses such as power devices, mixed signal ICs (Integrated circuits incorporating both digital and analog functions), display systems, optical and microwave devices.
Technology Development Unit that formulates technological strategy and promotes technology development.
Production and Technology Unit that is in charge of developing production plans and technology development and investment plans, as well as, manufacturing management of the company's plants and manufacturing affiliates.

Organizational structure of renesas electronics corporation

2) Head of each business units

Note: Title in parenthesis indicates position as of March 16, 2010.

Sales Management Unit	Vice President	Senior Vice President Yoshihiko Miura (Senior Vice President of NEC Electronics Corporation)
	Associate Vice President	Renesas Electronics Sales Co., Ltd. (Note) Representative Director, President Tetsuro Kitano (Board Director, Executive General Manager of Sales Management Group, Renesas Technology Corp., Representative Director, President of Renesas Technology Sales Co., Ltd.)
		Renesas Electronics Sales Co., Ltd Senior Executive Vice President and Member of the Board Mamoru Ishida (Associate Vice President of Sales & Marketing Operations Unit, NEC Electronics Corporation)
		Shoji Oga (General Manager of Sales & Marketing Div., Sales Management Group, Renesas Technology Corp.)
		Shigenobu Ishikawa (Associate Vice President of Sales & Marketing Operations Unit, NEC Electronics Corporation)
1st SoC Business Unit	Vice President	Senior Vice President Kazuyoshi Yamada (Senior Vice President of NEC Electronics Corporation)
1st SoC Business Unit	Associate Vice President	Norio Miyake (General Manager of System Solution Business Development Div., System Solution Business Group and Executive Manager of Corporate Planning & Development Div., Renesas Technology Corp.)
2nd SoC Business Unit	Vice President	Senior Vice President Hideaki Chaki (Managing Officer, General Manager of System Design Div., System Solution Business Group of Renesas Technology Corp.)
2nd SoC Business Unit	Associate Vice President	Toshiya Matsui (Vice President of 2nd SoC Operations Unit, NEC Electronics Corporation)
MCU Business Unit	Vice President	Senior Vice President Shigeo Mizugaki (Board Director, Executive General Manager of MCU Business Group, Renesas Technology Corp.)
MCU Business Unit	Associate Vice President	Senior Vice President Shinichi Iwamoto (Senior Vice President of NEC Electronics Corporation)
Analog & Power Devices Business Unit	Vice President	Senior Vice President Yoshiro Miyaji (Senior Vice President of NEC Electronics Corporation)
Analog & Power Devices Business Unit	Associate Vice President	Senior Vice President Shunsuke Hosomi (Board Director, Executive General Manager of Standard Product Business Group, Renesas Technology Corp.)
Technology Development Unit	Vice President	Executive Vice President and Member of the Board Yoichi Yano (Executive Vice President and Member of Board, NEC Electronics Corporation)
	Associate Vice President	Takashi Uno (General Manager of Technology Foundation Development, Core Development, NEC Electronics Corporation)
	Associate Vice President	Atsushi Hasegawa (Deputy Executive General Manager of Design and Development Unit, Renesas Technology Corp.)
Production and Technology Unit	Vice President	Senior Vice President Tatsuo Yoshino (Senior Vice President of NEC Electronics Corporation)
	Associate Vice President	Senior Vice President Tetsuya Tsurumaru (Managing Officer, Executive General Manager of Production & Technology Unit, Renesas Technology Corp.)
		Taketo Mori (Deputy Executive General Manager of Production & Technology Unit and General Manager of Production Management Div.2, Renesas Technology Corp.)
		Takaaki Kuwata (Vice President of Technology Foundation Development Operations Unit, NEC Electronics Corporation)

(Note) Please refer to the companies' “NEC Electronics and Renesas Announce the New Executive Team Following Merger” press release issued on February 1, 2010 for more details about Renesas Electronics Sales Co., Ltd..

Please refer to the appendix for more details on Renesas Electronics' organizational structure.

About NEC Electronics

NEC Electronics Corporation (TSE: 6723) specializes in semiconductor products encompassing advanced technology solutions for the high-end computing and broadband networking markets, system solutions for the mobile handset, PC peripheral, automotive and digital consumer markets, and multi-market solutions for a wide range of customer applications. NEC Electronics Corporation has subsidiaries worldwide including NEC Electronics America, Inc. and NEC Electronics (Europe) GmbH. For additional information about NEC Electronics worldwide, visit www.necel.com.

About Renesas Technology Corp.

Renesas Technology Corp. is the world's No.1 supplier of microcontrollers and one of the world's leading semiconductor system solutions providers for mobile, automotive and PC/AV (Audio Visual) markets. It is also a leading provider of Power MOSFETs, Smart Card microcontrollers, RF-ICs, High Power Amplifiers, Mixed Signal ICs, System-on-Chip (SoC), System-in-Package (SiP) and more. Established in 2003 as a joint venture between Hitachi, Ltd. (TSE:6501, NYSE:HIT) and Mitsubishi Electric Corporation (TSE:6503), Renesas Technology achieved consolidated revenue of 702.7 billion JPY in FY2008 (end of March 2009). Renesas Technology is based in Tokyo, Japan and has a global network of manufacturing, design and sales operations in 16 countries with 25,000 employees worldwide. For further information, please visit http://www.renesas.com