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

Click here to read more ...