Renesas Technology Changes in Management Team Effective April 1, 2009

Renesas Technology Corp. has announced the following changes in its management team, to take effect on April 1, 2009. The new appointments are subject to approval of the general shareholders’ meeting to be held before the end of March, 2009.

Satoru Ito, Chairman and CEO since April 2006, will retire from his position. Katsuhiro Tsukamoto, currently President and COO, will be appointed Chairman and Board Director, and Yasushi Akao, will take up the post of President, while continuing as Board Director.

Until now, Renesas Technology has operated under a management team headed by a Chairman& CEO and a President & COO. For clarity, the titles of these posts will be changed to Chairman and President, respectively. The President will have responsibility for decision-making and business operations, while the Chairman will participate in decision-making from a broader perspective, as well as assisting the President in the implementation of business operations.

¦ Directors to resign (on March 31, 2009)

Satoru Ito, Chairman and CEO, Board Director

(Scheduled to be appointed Chairman Emeritus on April 1.)

Shigeo Uoya, Executive Vice President, Board Director

(Scheduled to be appointed Corporate Advisor on April 1.)

Shiro Baba, Senior Vice President, Board Director

(Scheduled to move to Hitachi, Ltd. on April 1.)

Atsushi Asari, Board Director

¦ Directors to be promoted (as of April 1, 2009)

Katsuhiro Tsukamoto, Chairman, Board Director

(Currently President and COO)

Yasushi Akao, President, Board Director

(Currently Board Director)

¦ New candidates for Director (as of April 1, 2009)

Kunio Kobayashi, Senior Vice President, Board Director

(Currently President, Renesas Eastern Japan Semiconductor, Inc.)

Toshikazu Nishino, Board Director

(Currently Assistant to the Vice President, Hitachi, Ltd.)

Shunsuke Hosomi, Board Director

(Currently Managing Officer)

Shigeo Mizugaki, Board Director

(Currently Managing Officer)

Shozo Iwakuma, Board Director

(Currently Managing Officer)

About Renesas Technology Corp.

Renesas Technology Corp. is one of the world's leading semiconductor system solutions providers for mobile, automotive and PC/AV (Audio Visual) markets and the world's No.1 supplier of microcontrollers. It is also a leading provider of LCD Driver ICs, 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 951billion JPY in FY2007 (end of March 2008). Renesas Technology is based in Tokyo, Japan and has a global network of manufacturing, design and sales operations in 17 countries with 26,800 employees worldwide. For further information, please visit http://www.renesas.com/