US DOJ Closes Investigation of SRAM Sales Involving Mitsubishi Electric Subsidiary

Mitsubishi Electric Corporation announced that the United States Department of Justice (DOJ) Antitrust Division has notified Mitsubishi Electric & Electronics U.S.A Inc. (MEUS), a subsidiary of Mitsubishi Electric, that DOJ has closed its grand jury investigation of possible antitrust violations regarding static random access memory (SRAM) sales in the US market. No charges have been brought to Mitsubishi Electric or MEUS regarding this matter. In October 2006, MEUS had received a subpoena from the DOJ.

In 2003, Mitsubishi Electric’s SRAM business was spun off and transferred to Renesas Technology Corp., one of the Mitsubishi Electric’s affiliated companies in which Mitsubishi Electric has 45% interest.