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Aiming to increase its overseas sales ratio to 60 percent by FY2012, Renesas Electronics has been strengthening its business in the global market. As part of this effort, Renesas Electronics decided to purchase Nokia’s wireless modem business, which enables the company to acquire extensive wireless modem technology including GSM, W-CDMA, HSPA, and LTE standards used in billions of mobile phones worldwide as well as 1,100 engineers capable of supporting these technologies. Among these wireless modem technologies, LTE and HSPA+, in particular, will play a significant role as infrastructures to enable a cloud-computing society, providing advanced high-speed wireless communication for a variety of services delivered via the Internet to mobile devices such as mobile phones and car navigation systems. The combination of this mobile multimedia platform and assets acquired from Nokia will serve as a basis to enable Renesas Electronics to offer more robust products targeting expanding markets worldwide for LTE/HSPA+ devices, including markets for mobile phones and car navigation systems, which continue to grow rapidly, especially in emerging countries. In addition, the spin-off and establishment of Renesas Mobile will enable Renesas Electronics to build a global business structure specializing in the mobile multimedia SoC business with more streamlined management and faster time-to market product launches, which will contribute to the company’s goal of expanding its global business. www.renesas.com