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
- Multi-channel Ultra Ethernet TSS Transform Engine
- Configurable CPU tailored precisely to your needs
- Ultra high-performance low-power ADC
- HiFi iQ DSP
- CXL 4 Verification IP
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
- SEALSQ and Lattice Collaborate to Deliver Unified TPM-FPGA Architecture for Post-Quantum Security
- SEMIFIVE Partners with Niobium to Develop FHE Accelerator, Driving U.S. Market Expansion
- TASKING Delivers Advanced Worst-Case Timing Coupling Analysis and Mitigation for Multicore Designs
- Efficient Computer Raises $60 Million to Advance Energy-Efficient General-Purpose Processors for AI
- QuickLogic Announces $13 Million Contract Award for its Strategic Radiation Hardened Program