Renesas announces massive restructuring steps

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.

Renesas announces massive restructuring steps

Renesas announces massive restructuring steps

TOKYO, Japan - File photo taken in May 2012 shows the building housing the headquarters of Renesas Electronics Corp. in Tokyo. The struggling chipmaker announced plans July 3, 2012, 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.

Renesas Electronics to expand tie-up with Taiwan firm

Renesas Electronics to expand tie-up with Taiwan firm

TOKYO, Japan - Shinichi Iwamoto (R), senior vice president of Japanese semiconductor maker Renesas Electronics Corp., and Lin Cheng-Ming, a senior official of Taiwan Semiconductor Manufacturing Co., shake hands during a press conference in Tokyo on May 28, 2012. Renesas Electronics said it will expand its business tie-up with the Taiwan firm by outsourcing production of its mainstay microcontrollers as the struggling Japanese company tries to improve its financial standing.

Renesas Electronics to expand tie-up with Taiwan firm

Renesas Electronics to expand tie-up with Taiwan firm

TOKYO, Japan - Shinichi Iwamoto (R), senior vice president of Japanese semiconductor maker Renesas Electronics Corp., and Lin Cheng-Ming, a senior official of Taiwan Semiconductor Manufacturing Co., shake hands during a press conference in Tokyo on May 28, 2012. Renesas Electronics said it will expand its business tie-up with the Taiwan firm by outsourcing production of its mainstay microcontrollers as the struggling Japanese company tries to improve its financial standing. (Kyodo)