Renesas cuts 14,000 jobs; fab sale to TSMC
Junko Yoshida, EETimes
5/25/2012 8:10 PM EDT
TOKYO --Renesas Electronics Corp. plans to eliminate up to 14,000 jobs, while selling the company’s leading system-chip fab in Yamagata to Taiwan Semiconductor Manufacturing Co., according to a report in Nikkei, Japan’s economic newspaper.
Japan’s embattled microcontroller giant appears finally getting around to a long urged, “must-get-done” drastic restructuring. The layoff of 14,000 represents 30 percent of the company’s workforce
To read the full article, click here
Related Semiconductor IP
- 6-bit, 12 GSPS Flash ADC - GlobalFoundries 22nm
- LunaNet AFS LDPC Encoder and Decoder IP Core
- ReRAM NVM in DB HiTek 130nm BCD
- UFS 5.0 Host Controller IP
- PDM Receiver/PDM-to-PCM Converter
Related News
- UMC names new unit chairmen in restructuring effort
- MIPS Technologies Announces Restructuring and Updates First Quarter Guidance
- MIPS Technologies announces restructuring plan
- Transmeta Corporation Outlines Strategic Restructuring Plan; Growth Strategy to Focus on Licensing Intellectual Property
Latest News
- Seligman Ventures Leads Cognichip’s $60M Series A to Back Physics-Informed AI for Chip Design, Intel CEO Lip-Bu Tan and Seligman Ventures’ Umesh Padval Join the Board
- SEMI Projects Double-Digit Growth in Global 300mm Fab Equipment Spending for 2026 and 2027
- Intel to Repurchase 49% Equity Interest in Ireland Fab Joint Venture
- AGI CPU: Arm’s $100B AI Silicon Tightrope Walk Without Undermining Its Licensees
- EnSilica selected for UK CHERI Adoption Collective