Japanese Renesas Mobile Europe opened its European headquarter in Helsinki in February 2011. Previously, in 2010, the Japanese supplier of semiconductor solutions already acquired Nokia’s wireless modem business for $200 million. The acquisition involved the transfer of IP and 1,000 Nokia R&D staff worldwide to Renesas.
Through the new Helsinki-based HQ Renesas will further strengthen its presence in Finland by centralizing its R&D operations in the region.
