Japan’s Renesas eliminates 6,000 jobs to raise funds
Renesas Electronics Corp., a Japanese chipmaking company, has plans to cut almost 15% of its workforce, equal to 6,000 jobs, in order to raise 50 billion yen (approx. $630 million) in capital. Renesas,...
View ArticleRenesas, TSMC to work together in microchip business
Renesas Electronics Corp., Japan’s largest manufacturer of microchips, announced on Thursday that it would be tying up with Taiwan Semiconductor Manufacturing Co. (TSMC) in the microchip industry in...
View ArticleJapanese chip maker Renesas to cut 5,000 jobs, save $550 million
In a Tuesday announcement, the financially ailing Japanese chipmaker Renesas Electronics said that it would be eliminating at least 5,000 jobs in an effort to achieve 43 billion yen (approx. $550...
View ArticleRenesas Electronics’ revival plans
In an attempt to bail it out from the red, private equity firm KKR will invest 100 billion yen ($1.27 billion) in Renesas Electronics Corp. The company president Yasushi Akao has his course charted out...
View ArticleRenesas to turn around with state-backed $2.5 billion bailout
Japanese chipmaker Renesas is reportedly looking at being acquired by a government-backed fund and private companies for a price of roughly 200 billion yen (approx. $2.5 billion). The Nikkei business...
View ArticleComputer chip maker Renesas gets $2.4 billion government bailout
Renesas Electronics Corp., Japan’s troubled computer chip and semiconductor maker, has just been awarded a bailout of 200 billion yen (approx. $2.4 billion) from a central government fund and eight of...
View ArticleRenesas to receive up to $2.44 billion in bailout from Japanese government
Japanese computer chip manufacturer Renesas Electronics Corp. stated on Monday that it would receive between 150 and 200 billion yen (approx. $1.8 to $2.44 billion) in bailout from a fund backed by the...
View ArticleJapanese chipmaker Renesas to cut another 3,000 jobs
The financially troubled Renesas Electronics, a Japanese computer chip maker, revealed on Thursday that it would be eliminating another 3,000 jobs as part of its ongoing cost-cutting measures. Adding...
View ArticleRenesas considering sale of mobile phone chip business to foreign firms
Since Japan’s Renesas Electronics Corp. bought Nokia Oyj’s mobile phone chip business three years ago, it has not recovered from its slump. Having paid $200 million, it has done nothing but contribute...
View ArticleChipmaker Renesas to cut 25% of Japanese workforce
Struggling Japanese semiconductor outfit Renesas Electronics says that it will be cutting around 25% of its Japan-based workforce – a total of around 5,400 jobs as the company continues to salvage its...
View ArticleApple looking to acquire division of Japanese chipmaker Renesas
With Apple struggling to find the smartphone dominance it once had, it is now looking to consolidate some of its major suppliers under its own research and development arm – with the display chip...
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