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New Renesas President Tsurumaru

TOKYO, Japan - File photo shows Tetsuya Tsurumaru, senior vice president of Japanese chipmaker Renesas Electronics Corp. The company plans to promote Tsurumaru to president as incumbent president, Yasushi Akao, will step down to take responsibility for a slump in business, sources close to the matter said Feb. 19, 2013.

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Renesas to receive up to 200 bil. yen bailout

TOKYO, Japan - Yasushi Akao, president of Renesas Electronics Corp., speaks at a press conference in Tokyo on Dec. 10, 2012. Struggling Japanese chipmaker Renesas Electronics said the same day it will receive up to 200 billion yen in aid from a government-backed fund and private-sector firms to turn around its faltering business.

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Renesas announces massive restructuring steps

TOKYO, Japan - Renesas Electronics Corp. President Yasushi Akao announces a set of restructuring steps at a press conference in Tokyo on July 3, 2012. The struggling chipmaker announced plans to close or sell eight of its 18 domestic plants and eliminate more than 5,000 jobs, as part of a massive restructuring aimed at shifting towards overseas production and focusing on profitable microcontrollers.

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Renesas to cut 4,000 jobs

TOKYO, Japan - Renesas Electronics Corp. President Yasushi Akao speaks at a news conference in Tokyo on July 29, 2010. The computer chip maker announced it will cut 4,000 employees by fiscal 2012 to improve production and development.

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Chipmakers Renesas, NEC Electronics to merge by next April

TOKYO, Japan - NEC Electronics Corp. President Toshio Nakajima (L) and Renesas Technology Corp. President Yasushi Akao shake hands at a joint press conference announcing a merger between their companies.

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Chipmakers Renesas, NEC Electronics to merge by next April

TOKYO, Japan - NEC Electronics Corp. President Toshio Nakajima (L) and Renesas Technology Corp. President Yasushi Akao shake hands at a joint press conference announcing a merger between their companies. (Kyodo)

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Renesas to cut 4,000 jobs

TOKYO, Japan - Renesas Electronics Corp. President Yasushi Akao speaks at a news conference in Tokyo on July 29, 2010. The computer chip maker announced it will cut 4,000 employees by fiscal 2012 to improve production and development. (Kyodo)

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Japan's new era under Emperor Naruhito

Makoto Akao (L) and Ayumi Otomo pose for a photo after registering their marriage at the Higashiosaka city office on May 1, 2019, the first day of Reiwa, Japan's new imperial era under Emperor Naruhito. (Kyodo) ==Kyodo