Renesas to halt six plants in Japan for up to two months

Business / Corporate Mar 8, 2019

Renesas to halt six plants in Japan for up to two months

Major Japanese chipmaker Renesas Electronics Corp. will halt six domestic plants for up to two months due to China's economic slowdown, informed sources have said. The Chinese slowdown has dented demand for semiconductors for industrial machinery and consumer electronics, according to the sources. The six factories, ...

Renesas embraces change with plans to outsource chip R&D

Business / Corporate 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 Executive ...

Renesas hopes to ax 5,400 more jobs

Business / Corporate 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. The ...

Business / Corporate 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 semiconductor products ...