Renesas Electronics Corporation completed the transfer of its timing business to SiTime Corporation on July 1, 2026. This move follows the strategic plan originally disclosed on February 5, 2026. Both companies intend to pursue further partnership opportunities following the transaction.
Renesas expects to record a preliminary gain of approximately 443.3 billion yen. This amount will be reflected in the consolidated financial statements for the nine months ending September 30, 2026. The final figure remains subject to consultation with independent auditors.
The company’s financial forecast for the six months ending June 30, 2026, remains unchanged.