Market Overview

Notice Regarding Issuance of Stock Acquisition Rights as Stock Options

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Renesas Electronics Corporation ("Renesas", TSE: 6723), a premier
supplier of advanced semiconductor solutions, announced in the press
release entitled "Regarding Acquisition of Stock of Integrated Device
Technology, Inc.
" issued on September 11, 2018, to reach an
agreement with Integrated Device Technology, Inc. (("IDT", NASDAQ:IDTI),
a U.S.-based analog semiconductor supplier, whereby IDT will become a
wholly-owned subsidiary of Renesas (the "acquisition"). Subject to the
completion of the acquisition, Renesas today announced that it has
resolved at the Board of Directors held today, certain subscription
items for stock acquisition rights to be issued as stock options for a
corporate officer of Renesas and directors (excluding outside
directors), corporate officers and employees of IDT and its
subsidiaries. Renesas has also determined items regarding taking
applications or persons who will receive these stock options. The terms
and conditions are outlined below. As announced in the press release
entitled "Renesas and IDT Announce Final Regulatory Approval for
Renesas' Proposed Acquisition of IDT
" issued on March 23, 2019, the
acquisition has been approved by the IDT's shareholder meeting on
January 15, 2019 PST and Renesas has received notification from the
Committee on Foreign Investment in the United States ("CFIUS") on March
22, 2019 PDT, March 23, 2019 JST, that the investigation of the
companies' proposed merger transaction is complete. The acquisition is
now expected to close on March 29, 2019 PDT, March 30 JST, subject to
customary closing conditions.

[Outline of Resolutions]

  1. Renesas will accept applications for directors (excluding outside
    directors), corporate officers and employees of IDT located outside
    Japan (all of them are scheduled to retire before the allotment date
    of the stock options), who will receive the "Renesas Electronics
    Corporation Stock Options for FY2019 (Series No.1)," and will grant
    those stock options on April 9, 2019 (Japan Standard Time).
  2. Renesas will accept applications for employees of IDT's subsidiaries
    located in Japan, who will receive the "Renesas Electronics
    Corporation Stock Options for FY2019 (Series No.2)," and will grant
    those stock options on April 9, 2019 (Japan Standard Time).
  3. Renesas will accept applications for a corporate officer of Renesas
    and directors (excluding outside directors), corporate officers and
    employees of IDT and its subsidiaries located outside Japan, who will
    receive the "Renesas Electronics Corporation Stock Options for FY2019
    (Series No.3)," and will grant those stock options on April 9, 2019
    (Japan Standard Time).

For further details, please see here.

About Renesas Electronics Corporation

Renesas Electronics Corporation (TSE:
6723
) delivers trusted embedded design innovation with complete
semiconductor solutions that enable billions of connected, intelligent
devices to enhance the way people work and live. A global
leader in microcontrollers, analog, power, and SoC products, Renesas
provides comprehensive solutions for a broad range of automotive,
industrial, home electronics, office automation, and information
communication technology applications that help shape a limitless
future. Learn more at renesas.com.

(Remarks) All other names of products or services mentioned in this
press release are trademarks or registered trademarks of their
respective owners.

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