Renesas aims to sell chip plant, shed 12,000 jobs: Source

Source: The Malaysian Insider

TOKYO, May 26 – Japanese chipmaker Renesas Electronics Corp plans to sell off loss-making operations and cut its payroll by at least 12,000, a source close to the matter said today, as the company battles high costs and nimbler foreign rivals. Sources al ...
Full article at: The Malaysian Insider  More like this  7 hours ago

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UPDATE 1-Renesas aims to sell chip plant, shed 12,000 jobs -source

Source: Reuters

* Renesas plans to sell system chip plant, mobile unit -source * Renesas hopes to raise more than $1.3 billion for restructuring * To cut payroll by 12,000 via plant sales, redundancies TOKYO, May 26 (Reuters) - Japanese chipmaker Renes ...
Full article at: Reuters  More like this  11 hours ago

Japan's Renesas eyes 14,000 job cuts, chip plant sale: Nikkei

Source: CNBC

TOKYO (Reuters) - Struggling Japanese chipmaker Renesas Electronics Corp is planning to slash as many as 14,000 jobs and sell a major semiconductor factory in Japan to Taiwan Semiconductor Manufacturing Co, the Nikkei newspaper reported. Renesas ...
Full article at: CNBC  More like this  17 hours ago

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Chip Maker Renesas to Cut 14,000 Jobs

Source: Wall Street Journal

By Atsuko Fukase TOKYO—Japanese chip maker Renesas Electronics Corp. is planning to cut up to 14,000 jobs, or nearly 30% of its total workforce, and sell its major plant to Taiwanese Semiconductor Manufacturing Co., people familiar with the matter ...
Full article at: Wall Street Journal  More like this  18 hours ago

Seagate Gulps Majority of LaCie - Analyst Blog

Source: NASDAQ

Seagate Technology ( STX ) announced that it will acquire a majority stake of its rival LaCie S.A., for $186.0 million. France-based LaCie is a well known consumer storage device maker. The deal is expected to be wrappe ...
Full article at: NASDAQ  More like this  1 day ago, 10:28am CDT

UPDATE 1-Renesas planning major fundraising, job cuts-sources

Source: Reuters

TOKYO, May 25 (Reuters) - Japan's Renesas Electronics Corp is planning a much more extensive restructure than the 50 billion yen ($630 million) capital raising and 6,000 job cuts reported by a Japanese newspap ...
Full article at: Reuters  More like this  1 day ago, 8:42am CDT

Hitachi Consulting and Shore Consulting Group Join Forces to Provide the Province of Ontario with eGovernment Services

Source: PRWeb

“We are pleased to work together with Shore Consulting Group to help the Province of Ontario realize new levels of efficiencies to better serve its constituents,” said John Bush, Senior Vice President of Hitachi Consulting’s U.S. Public Sector ...
Full article at: PRWeb  More like this  1 day ago, 8:17am CDT

Renesas plans to raise $1.3 billion, cut 10,000 jobs

Source: Automotive News

TOKYO (Bloomberg) -- Renesas Electronics Corp., the world's biggest maker of automotive microcontrollers, plans to raise capital of 100 billion yen ($1.3 billion) and cut more than 10,000 jobs, according to the late ...
Full article at: Automotive News  More like this  1 day ago, 6:34am CDT

Renesas Said to Plan Raising $1.3 Billion, Cutting 10,000 Jobs

Source: Bloomberg.com

Employees work in a clean room on the production line for 300mm wafers at Renesas Electronics Corp.'s Naka plant in Hitachinaka city, Ibaraki prefecture. Employees work in a clean room on the production line ...
Full article at: Bloomberg.com  More like this  1 day ago, 5:20am CDT