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.