Renesas Donates €1 Million to Support Humanitarian Aid for Ukraine

Rhea-AI Summary

Renesas Electronics Corporation (TSE: 6723) has announced a donation of 1 million euros to the UNHCR to support humanitarian efforts in Ukraine. The company emphasizes its commitment to the safety of its stakeholders, establishing a Crisis Response Team to assist employees in Ukraine. Key support measures include advanced payroll for employees, financial aid for those wishing to leave Ukraine, and a built shelter for those unable to leave. Renesas aims to provide continuous support and hopes for a swift return to peace in the region.

Positive

• Donation of 1 million euros to UNHCR for humanitarian support.
• Establishment of a Crisis Response Team for employee assistance.
• Financial support including advanced payroll for employees in Ukraine.
• Aid for employees wishing to leave Ukraine and shelter for those remaining.

Negative

• None.

TOKYO--(BUSINESS WIRE)-- Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, considers the safety and well-being of all stakeholders worldwide, including employees, their families, and customers as an utmost priority.

In solidarity with the people affected by the situation in Ukraine, Renesas today made the decision to donate 1 million euros to UNHCR, the UN Refugee Agency, with the intent of supporting their humanitarian efforts in Ukraine and countries in the region.

Renesas established a Crisis Response Team at an early stage of the situation and has been in close contact with its employees in Ukraine. Renesas is committed to providing immediate support to its team and their families in Ukraine and has already extended the following means of assistance. Renesas will continue to monitor the situation closely and maintain constant communication with its team in Ukraine.

1. Advanced payroll and supplemental payments have been made to employees in Ukraine to ensure they have additional funds to meet their immediate needs.
2. Practical and financial support is being provided to employees who wish to leave Ukraine.
3. Aid is being delivered to employees and their families who left Ukraine. Furthermore, a communication platform has been initiated on the company’s intranet where employees across the globe can volunteer their skills and support for their colleagues in Ukraine, such as accommodation and translation.
4. A shelter has been built in the basement of Renesas’ office in Lviv, for employees and their families unable to leave Ukraine.

Renesas is determined to support the people of Ukraine through united efforts of its employees and hopes for a safe return to peace as soon as possible.

About Renesas Electronics Corporation

Renesas Electronics Corporation (TSE: 6723) empowers a safer, smarter and more sustainable future where technology helps make our lives easier. The leading global provider of microcontrollers, Renesas combines our expertise in embedded processing, analog, power and connectivity to deliver complete semiconductor solutions. These Winning Combinations accelerate time to market for automotive, industrial, infrastructure and IoT applications, enabling billions of connected, intelligent devices that enhance the way people work and live. Learn more at renesas.com. Follow us on LinkedIn, Facebook, Twitter, YouTube and Instagram.

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

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Japan

Kyoko Okamoto

Renesas Electronics Corporation

+ 81-3-6773-3001

kyoko.okamoto.sx@renesas.com

Source: Renesas Electronics Corporation