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 ...

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. ...

May 10, 2013

Net loss at Renesas balloons to ¥168 billion

Renesas Electronics Corp.’s group net loss expanded to ¥167.58 billion in the business year ended in March on sluggish sales and hefty restructuring costs, the struggling chipmaker said Thursday. Renesas posted a ¥62.60 billion loss the year before. The manufacturer of microcontrollers and other ...

Renesas in talks with overseas firms to sell mobile chip operations

Mar 22, 2013

Renesas in talks with overseas firms to sell mobile chip operations

The president of struggling Renesas Electronics Corp. said Thursday that the chipmaker is in talks with overseas companies on selling its loss-making mobile device chip operations as part of efforts to streamline its business. Tetsuya Tsurumaru said, however, that the company has not ruled ...