Murata Manufacturing and Renesas Electronics have announced that they have signed a basic agreement to transfer Renesas Electronics’ high-power amplifier (HPA) business and its manufacturing site, the Nagano Device Division of Renesas Eastern Japan Semiconductor, a wholly owned subsidiary of Renesas Electronics, to Murata Manufacturing. Based on the basic agreement, the companies plan to conclude a definitive agreement of this transfer, which is scheduled to be completed by 1 January 2012.