Report: Renesas Mobile up for sale in re-org

Peter Clarke, EETimes
6/19/2012 6:13 AM EDT

LONDON – Renesas Mobile Corp., the mobile chip company subsidiary of struggling Renesas Electronics Corp., could be put up for sale as part of a previously reported re-organization. Other details that emerged in an Asahi Shimbun report that referenced unnamed sources included that Renesas is considering closing or selling off at least 10 of its 19 domestic manufacturing plants over the next three years.

Other local reports put the closure list as high as 12 and said the moves could be made within one or two years.

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