Kawasaki / Tokyo, 01. Februar 2010 - NEC Electronics Corporation (NEC Electronics; TSE: 6723) and Renesas Technology Corp. (Renesas Technology) today announced candidates of the executive team that will be in place following the business integration (the "Business Integration" or the "Merger") on April 1, 2010 (scheduled). All candidates of the new executive team at the new integrated company, to be called Renesas Electronics Corporation, are listed in Exhibit 1.

Susumu Furukawa, who is well-versed in the high-tech field and has extensive experience in global business, has been newly appointed to take the role of the remaining position of outside directors of Renesas Electronics Corporation, effective as of April 1, 2010. Please see Exhibit 2 for a brief biography of the newly appointed outside director, Mr. Furukawa.

NEC Electronics and Renesas Technology also announced its plan to consolidate the companies’ domestic sales operations into Renesas Technology Sales Co., Ltd., which name will change to Renesas Electronics Sales Co., Ltd. in accordance with the Merger. Please see Exhibit 3 for a list of the newly appointed executives of Renesas Electronics Sales Co., Ltd., scheduled to launch April 1, 2010.

In addition to above, NEC Electronics and Renesas Technology appointed the representatives and announced the names of the foreign sales subsidiaries of Renesas Electronics Corporation (effective as of April 1, 2010) to coincide with the Merger. Please refer to Exhibit 4 for more details.

Finally, the names of the existing foreign manufacturing subsidiaries of NEC Electronics will be changed following the Merger. Please refer to Exhibit 5 for more details.

Note: The Business Integration will become effective following the adoption of the resolutions at Extraordinary General Meetings of Shareholders of both NEC Electronics and Renesas Technology and approval by relevant authorities of NEC Electronics and Renesas Technology.

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

Exhibit 1:
Executive Team of Renesas Electronics Corporation　

Effective as of April 1, 2010
Note: Title in parenthesis indicates position currently held.

Member of the Board
Junshi Yamaguchi,* Representative Director, Chairman
     (President & CEO of NEC Electronics Corporation)
Yasushi Akao,* Representative Director, President
     (Representative Director, President of Renesas Technology Corp.)
Kazuaki Ogura,* Executive Vice President and Member of the Board
     (General Manager, Merger Preparation Office of Renesas Technology Corp.)
Masaki Kato, Executive Vice President and Member of the Board
     (Executive Vice President and Member of Board of NEC Electronics Corporation)
Yoichi Yano, Executive Vice President and Member of the Board
     (Executive Vice President and Member of Board of NEC Electronics Corporation)
Shozo Iwakuma,* Senior Vice President and Member of the Board
     (Board Director of Renesas Technology Corp.)
Toyoaki Nakamura,* Outside Member of the Board
     (Representative Executive Officer, Senior Vice President and Executive Officer of Hitachi, Ltd.)
Nobuhiro Endo,* Outside Member of the Board
     (Senior Vice President and Member of the Board of NEC Corporation)
Noritomo Hashimoto,* Outside Member of the Board
     (Executive Officer of Mitsubishi Electric Corporation, Outside Board Director of
Renesas Technology Corp.)
Hajime Matsukura, Outside Member of the Board
     (General Manager of Corporate Strategy and Business Development Division of NEC Corporation, Outside Member of the Board of NEC Electronics Corporation)
Susumu Furukawa,* Outside Member of the Board
     (Professor, Keio University Graduate School of Media Design)

Senior Vice President
Tatsuo Yoshino
     (Senior Vice President of NEC Electronics Corporation)
Yoshihiko Miura
     (Senior Vice President of NEC Electronics Corporation)
Shunsuke Hosomi
     (Board Director of Renesas Technology Corp.)
Yoshiro Miyaji
     (Senior Vice President of NEC Electronics Corporation)
Kazuyoshi Yamada
     (Senior Vice President of NEC Electronics Corporation)
Shigeo Mizugaki
     (Board Director of Renesas Technology Corp.)
Tetsuya Tsurumaru
     (Managing Officer of Renesas Technology Corp.)
Shinichi Iwamoto
     (Senior Vice President of NEC Electronics Corporation)
Hideaki Chaki
     (Managing Officer of Renesas Technology Corp.)
Hideo Tsujioka
     (Managing Officer of Renesas Technology Corp.)

Corporate Auditor
Keiji Suzuki 
     (Corporate Auditor of NEC Electronics Corporation)
Hiroki Kawamura
     (Corporate Auditor of NEC Electronics Corporation)
Junichiro Nishi*
     (Board Director of Renesas Design Corp.)
Yasuyuki Shibata
     (Corporate Auditor of NEC Electronics Corporation)

Note: The Members of the Board and the corporate auditors who are not currently NEC Electronics' Members of the executive team will officially be appointed following the adoption of the resolutions at the Extraordinary General Meetings of Shareholders to be held on Feb 24, 2010. The representative directors will officially be appointed at a meeting of the Board of Directors scheduled on April 1, 2010.

Exhibit 2:
Brief biography of Susumu Furukawa

Susumu Furukawa

Date of Birth
12, July 1954

PROFESSIONAL HISTORY
2008.4 -
Professor, Graduate School of Media Design, Keio University
2006.4 -
Professor, Research Institute for Digital Media and Content, Keio University
2005.6 -
Left Microsoft Corporation and Microsoft Co., Ltd.
2004.2 -
Vice President, Advanced Strategies and Policy, Microsoft Corporation, and Executive Officer and Chief Technical Officer, Microsoft Co., Ltd.
2002.1 -
Vice President, Advanced Strategies and Policy, Microsoft Corporation
2000.5 -
Vice President, Consumer Strategies, Microsoft Corporation
1991.11 –
Chairman and CEO, Microsoft Co., Ltd., and Director, Far East Research and Development, Microsoft Corporation
1986.5 -
Left ASCII Corporation;
President, Microsoft Co., Ltd. (Japanese subsidiary of Microsoft Corporation)
1979.2 -
Joined ASCII Corporation

Exhibit 3:
The Executive Team of Renesas Electronics Sales Co., Ltd.

Effective as of April 1, 2010
Note: Title in parenthesis indicates position currently held.

Member of the Board
Tetsuro Kitano, Representative Director, President
     (Representative Director and President of Renesas Technology Sales Co., Ltd., Board Director of Renesas Technology Corp.)
Mamoru Ishida, Senior Executive Vice President and Member of the Board
      (Associate Vice President of Sales & Marketing Operations Unit,
NEC Electronics Corporation)
Koichi Okubo, Executive Vice President and Member of the Board
      (Executive Vice President, Board Director of Renesas Technology Sales Co., Ltd.)
Kenji Kojima, Executive Vice President and Member of the Board
      (Senior Vice President, Board Director of Renesas Technology Sales Co., Ltd.)
Yoshihiko Miura, Outside Member of the Board
      (Senior Vice President of NEC Electronics Corporation)

Senior Vice President
Megumu Fukumoto
     (Board Director of Renesas Technology Sales Co., Ltd.)
Kunio Hayashida
     (Board Director of Renesas Technology Sales Co., Ltd.)
Kazushige Higashihara
     (Board Director of Renesas Technology Sales Co., Ltd., Executive Manager of Automotive Semiconductor Business Unit, MCU Business Group, Renesas Technology Corp.)
Toyohiko Suzuki
     (General Manager of 4th Sales Division, Sales & Marketing Operations Unit, NEC Electronics Corporation)
Nobuhiko Tateoka
     (Associate General Manager of Corporate Marketing Division, Sales & Marketing Operations Unit, NEC Electronics Corporation)

Corporate Auditor
Hiroshi Tsukahara
   (Corporate Auditor of Renesas Technology Sales Co., Ltd.)

Exhibit 4:
New Company Names and Representatives of Renesas Electronics Corporation’s Foreign Sales Subsidiaries

&nbs

Note 1: The company names will be changed immediately upon completion of　procedures after April 1, 2010.
Note 2: “Renesas Electronics Canada Limited” is a subsidiary of “Renesas Electronics America Inc.”. 
Note 3: “Renesas Electronics Europe GmbH” is a subsidiary of” Renesas Electronics Europe Limited”. 
Note 4: “Renesas Electronics Malaysia Sdn. Bhd.” is a subsidiary of” Renesas　Electronics Singapore Pte. Ltd.”.

Exhibit 5：
New Company Names of NEC Electronics’ Foreign Manufacturing Subsidiaries  

Note: The company names will be changed immediately upon completion of procedures after April 1, 2010. NEC Electronics America, Inc. will change its corporate name to "Renesas Electronics America Inc." as shown in Exhibit 4.