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
- 100-10Gbps Ethernet MAC Controller
- SD Card Controller
- AXI4 Memory Controller IP Core
- AXI-Lite I2C Controller Core
- LVDS Transceiver IP core
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
- BrainChip Launches AKD1500 Raspberry Pi 5 Kit: Giving Developers a Direct Path from Prototype to Production
- Cadence Joins the Genesis Mission Consortium to Advance AI-Driven Scientific Discovery and Microelectronics Innovation
- Onsemi picks up Codasip’s low-end RISC-V business for $14.5 million
- Semidynamics and Nokia Explore Collaboration to Strengthen Europe’s Sovereign AI Capabilities
- VeriSilicon Introduces GLTiny™ 3D GPU Programming Model for Ultra-Low-Power, Memory-Efficient Wearable Devices