Renesas to Cut 1,000 Jobs in Japan
By Junko Yoshida, EETimes
Feb. 2, 2019
TOKYO — Japanese semiconductor company Renesas Electronics plans to eliminate roughly 1000 jobs — equivalent to 5% of its entire workforce. Cuts are targeted at those working in Japan.
Renesas will soon start soliciting a voluntary early retirement.
Renesas, which will announce its fourth quarter financial results Friday, told EE Times that the move reflects the Japanese semiconductor company’s desire to spend more resources on its business opportunities overseas.
E-mail This Article | Printer-Friendly Page |
|
Related News
Breaking News
- Thalia's AMALIA 24.2 introduces pioneering estimated parasitics feature to reduce PEX iterations by at least 30%
- TSMC plans 1.6nm process for 2026
- Qualitas Semiconductor Partners with TUV Rheinland Korea to Enhance ISO 26262 Functional Safety Management System
- M31 has successfully launched MIPI C/D PHY Combo IP on the advanced TSMC 5nm process
- Ceva multi-protocol wireless IP could simplify IoT MCU and SoC development
Most Popular
- Controversial former Arm China CEO founds RISC-V chip startup
- Siemens collaborates with TSMC on design tool certifications for the foundry's newest processes and other enablement milestones
- Credo at TSMC 2024 North America Technology Symposium
- Synopsys Accelerates Next-Level Chip Innovation on TSMC Advanced Processes
- Kalray Joins Arm Total Design, Extending Collaboration with Arm on Accelerated AI Processing