Yamaha Kagoshima Semiconductor, since its establishment in 1987, has played an important role in Yamaha’s business as a semiconductor manufacturing base in Japan. Beginning in 2012, Yamaha focused its production on geomagnetic sensors, whic h are its principal products in this business, and responded to the global market needs by supplying the expanding markets for smartphones and other products. Yamaha Corporation (Head Office: Hamamatsu, Shizuoka; hereinafter, Yamaha) issued a news release on October 31, 2014 entitled “Basic Agreement Concluded for Transfer of Semiconductor Manufacturing Subsidiary.” Based on this agreemen t, the Board of Directors of the Company today decided to transfer the semiconductor manufacturing business of its subsidiary Yamaha Kagoshima Semiconductor Inc. (a wholly owned subsidiary of Yamaha, hereinafter, Yamaha Kagoshima Semiconductor) to Phenitec Semiconductor Corporat ion (hereinafter, Phenitec Semiconductor).
