Renesas embraces change with plans to outsource chip R&D

/ Jul 1, 2016

Renesas embraces change with plans to outsource chip R&D

Renesas Electronics Corp. is doing something that only a decade ago would have been unthinkable for a Japanese semiconductor maker: outsourcing research overseas. Outsourcing more R&D reduces the cost of developing components for new applications in autonomous cars and “the internet of things,” Chief ...

/ 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 ...