Sep 3, 2014

State-backed Renesas restructuring 60% complete, CEO says

Chipmaker Renesas Electronics Corp. is more than halfway finished with its restructuring plan, according to chairman and chief executive officer Hisao Sakuta. “In financial terms, we have already passed our worst period,” Hisao Sakuta said in an interview Tuesday. The company has completed “about ...

Aug 15, 2014

Chip makers skip summer break to meet smartphone demand

While much of Japan relaxes during the Bon summer holiday period, its top semiconductor makers are keeping their factories running to meet fierce demand from China for the technology that runs smartphones. Demand is expected to heat up even more with the launch of ...

Renesas hopes to ax 5,400 more jobs

Jan 22, 2014

Renesas hopes to ax 5,400 more jobs

Struggling chipmaker Renesas Electronics Corp., seeking to accelerate restructuring efforts, plans to slash another 5,400 domestic employees, or around 20 percent of its workforce, by the end of March 2016 through early retirements, according to company sources. The labor union, however, opposes the plan. ...