In accordance with the plan to integrate business operations at NEC Electronics and Renesas (the "Business Integration"), the five companies announced on September 16 that Renesas will issue shares of Renesas common stock to Hitachi and Mitsubishi Electric, the sole shareholders of Renesas, before the effective date of the Business Integration (the "Pre-merger Capital Injection"). In addition, after the scheduled date of the Business Integration, April 1, 2010, the new integrated company after the Business Integration (the "Integrated Company") will issue shares of its common stock to NEC, Hitachi and Mitsubishi Electric (the "Post-merger Capital Injection").

The five companies also announced that the amount of the Pre-merger Capital Injection could be reduced and the amount of the Post-merger Capital Injection could be increased depending on the business result of NEC Electronics for the first half of the fiscal year ending March 31, 2010.

Today's changes were made due to NEC Electronics' financial results, which were settled today, November 9, 2009. The changes in Post-merger Capital Injection were resolved at NEC Electronics' meeting of the Board of Directors held earlier today.

2. Outline of the Changes

The changes are underlined.

2.1 Outline of reinforcement of capital

As a condition to the Business Integration, Renesas will issue shares of Renesas common stock to Hitachi and Mitsubishi Electric, the sole shareholders of Renesas, in exchange for an aggregate of 71.7 billion yen before the effective date of the Business Integration (including shares issued on September 29, 2009 in exchange for an aggregate of 55.0 billion yen). In addition, on the effective date of the Business Integration (scheduled to be April 1, 2010), the Integrated Company will issue shares of its common stock to NEC, Hitachi and Mitsubishi Electric in exchange for an aggregate of approximately 134.6 billion yen.

2.2 Outline of the third-party allotment of new shares after Business Integration

2.2.1 Outline of Post-merger Capital Injection

(1)           Issuer                             Renesas Electronics Corporation (Tentative name)
(2)           Date of issuance                   April 1, 2010 (Note 1)
(3)           Number of new shares to be issued  146,782,990 of common shares
(4)           Issue price                        917 yen
(5)           Total proceeds                     134,600,001,830 yen
(6)           Purchaser                          Third-party allotment (Note 2)
                                                 (NEC: 61,395,857 shares,
                                                 Hitachi:
                                                 46,962,923 shares,
                                                 Mitsubishi
                                                 Electric: 38,424,210 shares)
(7)           Others                             None
Note 1: The new shares will be issued at the same date as the
effective date of the Business Integration. The schedule is
subject to change based upon the effective date of the Business
Integration.
Note 2: In accordance with Art. 124 4 of the Corporation Law, on
the day of the ordinary shareholders meeting of the Integrated
Company which is scheduled to be held in June 2010, NEC, Hitachi
and Mitsubishi Electric will acquire voting rights of the new
Integrated Company.

2.2.2 Major stockholders and ownership ratio of Renesas Electronics Corporation after the execution of the Business Integration and the third-party allotment

   NEC Corporation                           33.97%
   Hitachi, Ltd.                             30.62%
   Mitsubishi Electric Corporation           25.05%
   Japan Trustee Services Bank, Ltd. (Note)  1.49%
   (Trust Account from The Sumitomo Trust and Banking Co., Ltd. for
   retirement benefit Trust Account of NEC Corporation)

Note: 1.49% of shares which are owned by Japan Trustee Services Bank, Ltd. (Re-trust of The Sumitomo Trust and Banking Co., Ltd./NEC Corporation pension and severance payments Trust Account) were shares that were contributed by NEC as severance indemnities trusts. The voting rights of such shares will be exercised at the instruction of NEC.

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.

About NEC Corporation

NEC Corporation is one of the world's leading providers of broadband network and enterprise business solutions dedicated to meeting the specialized needs of a diversified global base of customers. NEC delivers tailored solutions in the key fields of computer, networking and electron devices, by integrating its technical strengths in IT and Networks, and by providing advanced semiconductor solutions through NEC Electronics Corporation. The NEC Group employs more than 140,000 people worldwide. For additional information, please visit the NEC website at: http://www.nec.com.

About Hitachi

Hitachi, Ltd., (NYSE: HIT / TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 400,000 employees worldwide. Fiscal 2008 (ended March 31, 2009) consolidated revenues totaled 10,000 billion yen ($102.0 billion). The company offers a wide range of systems, products and services in market sectors including information systems, electronic devices, power and industrial systems, consumer products, materials, logistics and financial services. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.

About Mitsubishi Electric

With over 80 years of experience in providing reliable, high-quality products to both corporate clients and general consumers all over the world, Mitsubishi Electric Corporation (TOKYO: 6503) is a recognized world leader in the manufacture, marketing and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and building equipment. The company recorded consolidated group sales of 3,665.1 billion yen (US$ 37.4 billion*) in the fiscal year ended March 31, 2009. For more information visit http://global.mitsubishielectric.com.

*At an exchange rate of 98 yen to the US dollar, the rate given by the Tokyo Foreign Exchange Market on March 31, 2009.

SOURCE: Renesas Technology Corp.

NEC Electronics Corporation 
Kyoko Okamoto, + 81-44-435-1676 
kyoko.okamoto@necel.com 
or 
NEC Corporation 
Kosuke Yamauchi, + 81-3-3798-6511 
k-yamauchi@ce.jp.nec.com 
or 
Renesas Technology Corp. 
Yoichi Kobayashi, +81-3-6756-5555 
kobayashi.yoichi2@renesas.com 
or 
Renesas Technology America, Inc. 
Stefani Parrish, 408-382-7410 
stefani.parrish@renesas.com 
or 
Hitachi, Ltd. 
Atsushi Konno, +81-3-5208-9325 
PR@hdq.hitachi.co.jp 
or 
Mitsubishi Electric Corporation 
Yurika Fujimoto, + 81-3-3218-3380 
prd.gnews@nk.MitsubishiElectric.co.jp

In accordance with the plan to integrate business operations at NEC Electronics and Renesas (the "Business Integration"), the five companies announced on September 16 that Renesas will issue shares of Renesas common stock to Hitachi and Mitsubishi Electric, the sole shareholders of Renesas before the effective date of the Business Integration (the "Pre-merger Capital Injection"). In addition, after

the scheduled date of the Business Integration, April 1, 2010, the new integrated company after the Business Integration (the "Integrated Company") will issue shares of its common stock to NEC, Hitachi and Mitsubishi Electric (the "Post-merger Capital Injection").

The five companies also announced that the amount of the Pre-merger Capital Injection could be reduced and the amount of the Post-merger Capital Injection could be increased depending on the business result of NEC Electronics for the first half of the fiscal year ending March 31, 2010.

Today's changes were made in due to NEC Electronics' financial results, which were settled today, November 9, 2009. The changes in Post-merger Capital Injection were resolved at NEC Electronics' meeting of the Board of Directors held earlier today.

2. Outline of the Changes

The changes are underlined.

2.1 Outline of reinforcement of capital

As a condition to the Business Integration, Renesas will issue shares of Renesas common stock to Hitachi and Mitsubishi Electric, the sole shareholders of Renesas, in exchange for an aggregate of 71.7 billion yen before the effective date of the Business Integration (including shares issued on September 29, 2009 in exchange for an aggregate of 55.0 billion yen). In addition, on the effective date of the Business Integration (scheduled to be April 1, 2010), the Integrated Company will issue shares of its common stock to NEC, Hitachi and Mitsubishi Electric in exchange for an aggregate of approximately 134.6 billion yen.

2.2 Outline of the third-party allotment of new shares after Business Integration

2.2.1 Outline of Post-merger Capital Injection

(1)Issuer                Renesas Electronics Corporation (Tentative name)
(2)Date of issuance      April 1, 2010 (Note 1)
(3)Number of new         146,782,990 of common shares
   shares to be issued
(4)Issue price           917 yen
(5)Total proceeds        134,600,001,830 yen
(6)Purchaser             Third-party allotment (Note 2)
(NEC: 61,395,857 shares, Hitachi: 46,962,923 shares, Mitsubishi Electric: 38,424,210 shares)
(7)Others                None

Note 1: The new shares will be issued at the same date as the effective date of the Business Integration. The schedule is subject to change based upon the effective date of the Business Integration.

Note 2: In accordance with Art. 124 -4 of the Corporation Law, on the day of the ordinary shareholders meeting of the Integrated Company which is scheduled to be held in June 2010, NEC, Hitachi and Mitsubishi Electric will acquire voting rights of the new Integrated Company.

2.2.2 Major stockholders and ownership ratio of Renesas Electronics Corporation after the execution of the Business Integration and the third-party allotment

<NEC Corporation> 33.97%

<Hitachi, Ltd.> 30.62%

<Mitsubishi Electric Corporation> 25.05%

<Japan Trustee Services Bank, Ltd.> (Note) 1.49%

(Trust Account from The Sumitomo Trust and Banking Co., Ltd. for

retirement benefit Trust Account of NEC Corporation)

Note: 1.49% of shares which are owned by Japan Trustee Services Bank, Ltd. (Re-trust of The Sumitomo Trust and Banking Co., Ltd./NEC Corporation pension and severance payments Trust Account) were shares that were contributed by NEC as severance indemnities trusts. The voting rights of such shares will be exercised at the instruction of NEC.

About NEC Corporation

NEC Corporation (TSE: 6701) is one of the world's leading providers of Internet, broadband network and enterprise business solutions dedicated to meeting the specialized needs of a diversified global base of customers. NEC delivers tailored solutions in the key fields of computer, networking and electron devices, by integrating its technical strengths in IT and Networks, and by providing advanced semiconductor solutions through NEC Electronics Corporation. The NEC Group employs more than 150,000 people worldwide. For additional information, please visit the NEC website at: http://www.nec.com.

Contact:

NEC Electronics Corporation
Kyoko Okamoto
+ 81-44-435-1676
kyoko.okamoto@necel.com

Renesas Technology Corp.
Yoichi Kobayashi
+81-3-6756-5555
kobayashi.yoichi2@renesas.com

NEC Corporation
Kosuke Yamauchi
+ 81-3-3798-6511
k-yamauchi@ce.jp.nec.com

Hitachi, Ltd.
Atsushi Konno
+81-3-5208-9325
PR@hdq.hitachi.co.jp

Mitsubishi Electric Corporation
Yurika Fujimoto
+ 81-3-3218-3380
prd.gnews@nk.MitsubishiElectric.co.jp

By spending an additional 10 billion yen, they now aim to lift the operation's annual output capacity by 50 per cent to enough lithium ion battery electrodes for 100,000 cars, up from an initial plan for 65,000 cars. The two firms are now conducting test production at the Sagamihara factory.

All output will be sold to Automotive Energy Supply Corp., a joint venture between Nissan Motor Co. (TSE:7201) and the NEC group. This joint venture aims to manufacture enough lithium ion batteries for 100,000 cars in the year ending March 31, 2011.

(Nikkei) rw

KAWASAKI (Japan), DUESSELDORF and DORTMUND (Germany), Nov 4, 2009 - ELMOS Semiconductor AG (FSE: ELG) and NEC Electronics (TSE: 6723) today announced the availability of its four new single-chip IO-Link solutions for IO-Link slave applications. This project is based on a close cooperation with TMG-Karlsruhe. The new IO-Link solutions combine NEC Electronics' All Flash(TM) 78K0R 16-bit microcontroller and ELMOS IO-Link transceiver, with integrated IO-Link slave protocol stack in a single package. The part numbers differ according to their flash memory capacity; uPD78F8040 offers 32 kilobytes (KB), uPD78F8041 offers 64 KB, uPD78F8042 offers 96 KB, and uPD78F8043 offers 128 KB of flash memory.

IO-Link is the preferred standard serial digital communications protocol used for sensors and actuators in industrial automation systems. IO-Link offers the following advantages:

* Compatible integration into existing fieldbus or Industrial Ethernet environment * Process, parameter and diagnosis data in one cable * compatible cabling to existing sensor communication

One key advantage of using the IO-Link slave protocol stack offered with the NEC Electronics' solutions is that minor upgrades could be included if the IO-Link specification is enhanced, significantly reducing development time and effort. Alternatively, designers can opt to develop and maintain their own software stacks. The ELMOS transceiver integrates significant analogue components, which enable system designers to eliminate use of additional external components and develop a complete IO-Link slave product at low cost.

NEC Electronics provides extensive product range to include a choice of memory variants all in the same device package. Developers can choose from 4 pin-compatible memory configurations in an 8mm x 8mm 56-pin QFN package making it easy to switch to a larger memory if more software is needed. Flash sizes from 32 KB to 128 KB will be available. This also allows developers to use the same PCB for multiple designs even though different amounts of software may be required. A 32 KB device can easily be replaced by a 128 KB device without having to re-design the PCB.

To support system designers in using the IO-Link single-chip solution, NEC Electronics and ELMOS can also provide a comprehensive development kit at lower cost than most of the other kits in the market. The 78K0R Link-It! kit is available now.

The IO-Link market is now beginning to show real promise and ELMOS and NEC Electronics are working with several vendors some of whom are already engaged in development projects. ELMOS and NEC Electronics are well placed to enable system designers to quickly and easily achieve differentiated designs using the only single-chip IO-Link solution available on the market Availability Samples of the new single-chip IO-Link solutions are available now. Mass production of the new devices is slated to begin in April 2010, with expected monthly mass production of 500,000 units. (Availability is subject to change without notice.)

More information about ELMOS and NEC Electronics' solutions for the industrial automation market can be found at http://www.elmos.de/german/produkte/know-how/io-link.html or http://www.eu.necel.com/iolink . (Remark) All Flash is a trademark or registered trademark of NEC Electronics in Japan, America, Singapore, Hong Kong, UK, German, and China. NEC Electronics is a registered trademark or trademark of NEC Corporation. All other marks are property of their respective owners. About ELMOS Semiconductor AG ELMOS Semiconductor AG (FSE: ELG) is a leading developer and producer of customer-specific system solutions in the automotive sector. Based on the modular high-voltage CMOS technology, a great amount of analog mixed-signal circuitry elements such as voltage regulators, analog/digital converters, power-drives and NVM storage offer a huge range of integration possibilities for customers' ideas. In addition, MEMS-based sensor systems and dedicated packages both developed and manufactured within the ELMOS-Group, enable ELMOS to supply silicon-based microsystems. About 90 percent of sales are achieved with ASICs for automotive electronics. ELMOS is listed on the Prime Standard of the German Stock Exchange. For additional information about ELMOS Semiconductor, visit www.elmos.de. About NEC Electronics Corporation 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. (www.am.necel.com) and NEC Electronics (Europe) GmbH (www.eu.necel.com). More information about NEC Electronics worldwide can be found at www.necel.com.

NEC: Japan/Asia Kyoko Okamoto NEC Electronics Corporation + 81-44-435-1676 kyoko.okamoto@necel.com

NEC: Europe Oliver Luettgen NEC Electronics (Europe) GmbH +49-211-6503-1469 oliver.luettgen@eu.necel.com

ELMOS: Mathias Kukla +49 231 75 49 199 mkukla@elmos.de

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ELMOS Semiconductor AG Heinrich-Hertz-Strasse 1 Dortmund Deutschland

WKN: 567710; ISIN: DE0005677108; Index: Prime All Share, CDAX, HDAX, MIDCAP, TECH All Share, GEX; Listed: Prime Standard in Frankfurter Wertpapierborse, Freiverkehr in Borse Dusseldorf, Freiverkehr in Borse Berlin, Freiverkehr in Hanseatische Wertpapierborse zu Hamburg, Freiverkehr in Niedersachsische Borse zu Hannover, Freiverkehr in Borse Stuttgart, Freiverkehr in Bayerische Borse Munchen, Regulierter Markt in Frankfurter Wertpapierborse;

SOURCE: ELMOS Semiconductor AG